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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 Spencer at 1010 River Rd, Spencer, IN, 47460 at $525,000 posts ROI 24.43% with $629/mo cash flow from $3,982/mo rent. Total monthly income equals $3,982/mo, and annual cash flow records $7,546/yr on $172,725 to close. Return on cash invested measures 24.43% and rental yield reads 9.1% at the current $525,000. Equity gained on principal adds $3,388/yr, and 5% annual appreciation supports $145,048 by year five. Five-year ROI prints 127.3% and total cumulative return in cash totals $219,885.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $3,982/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2000
4.83 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47460, Spencer, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,190 (100%) |
| Owner Occupied HU | 3,784 (72.9%) |
| Renter Occupied HU | 949 (18.3%) |
| Vacant Housing Units | 457 ( 8.8%) |
| Median Home Value | $187,057 |
| Average Home Value | $214,772 |
Residential
4,901
Single Family
4,899
Multi-Family
2
Businesses
417
Date | Event | Price |
|---|---|---|
| 2025-06-24 | Sold | $525,000 |
| 2025-05-25 | Pending sale | $525,000 |
| 2025-04-03 | Price change | $525,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $6775.00 | 6.60% | $480,900 | 8.53% |
| 2023-10-22 | $6355.24 | -0.61% | $443,100 | 14.00% |
| 2022-10-22 | $6394.08 | 7.27% | $388,700 | 11.60% |
Listed by: Brian Waters • Mentor Listing Realty, Inc.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202417906
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.
