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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Oolitic at 1005 Hillside Dr, Oolitic, IN, 47451 offers $2,227/mo rent that, after a $1,126/mo payment, leaves $846/mo cash flow. Total monthly income is $2,227/mo, and annual cash flow is $10,153/yr on $76,245 cash. Return on cash invested measures 33.23% in year one, and rental yield stands at 11.62% at a $230,000 entry. Equity gained on principal adds $1,484/yr while 5% annual appreciation compounds into $63,545 by year five. Five-year ROI records 174.08% and total cumulative return in cash reaches $132,727. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,227/mo property income versus a $1,126/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.80 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47451, Oolitic, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 586 (100%) |
| Owner Occupied HU | 384 (65.5%) |
| Renter Occupied HU | 137 (23.4%) |
| Vacant Housing Units | 65 (11.1%) |
| Median Home Value | $165,833 |
| Average Home Value | $195,488 |
Residential
453
Single Family
453
Multi-Family
0
Businesses
35
Date | Event | Price |
|---|---|---|
| 2025-03-07 | Sold | $230,000 |
| 2025-01-03 | Price change | $279,900 |
| 2024-11-08 | Price change | $299,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $12.74 | 1.92% | $700 | 16.67% |
| 2023-10-22 | $12.50 | 13.22% | $600 | N/A |
| 2022-10-22 | $11.04 | -0.90% | $600 | 20.00% |
Listed by: VICKY SPEER, LLC • Williams Carpenter Realtors
Mls Name: IRMLS
Mls Provider:
Mls ID: #202433855
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
