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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% |
Investment property for sale in Converse at 1005 N Jefferson St, Converse, IN, 46919 at $340,000 posts ROI 21.29% with $130/mo cash flow from $2,171/mo rent. Total monthly income equals $2,171/mo, and annual cash flow records $1,562/yr on $112,710 to close. Return on cash invested measures 21.29% and rental yield reads 7.66% at the current $340,000. Equity gained on principal adds $2,194/yr, and 5% annual appreciation supports $93,936 by year five. Five-year ROI prints 110.06% and total cumulative return in cash totals $124,050.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,171/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2018
0.86 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46919, Converse, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 961 (100%) |
| Owner Occupied HU | 676 (70.3%) |
| Renter Occupied HU | 185 (19.3%) |
| Vacant Housing Units | 100 (10.4%) |
| Median Home Value | $196,330 |
| Average Home Value | $273,295 |
Residential
577
Single Family
531
Multi-Family
46
Businesses
42
Date | Event | Price |
|---|---|---|
| 2025-08-22 | Sold | $340,000 |
| 2025-07-01 | Pending sale | $340,000 |
| 2025-05-15 | Price change | $340,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-02 | $1528.00 | -0.97% | $149,800 | -1.96% |
| 2023-11-02 | $1543.00 | 9.12% | $152,800 | -0.97% |
| 2022-11-02 | $1414.00 | -0.91% | $154,300 | 9.12% |
Listed by: Warren Dailey • Tarter Realty Auction and Appraisal Company
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513482
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.
