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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 Otterbein at 102 E Peterson St, Otterbein, IN, 47970 priced at $216,000 pairs $1,946/mo rent with $630/mo cash flow after a $1,057/mo payment. Total monthly income equals $1,946/mo, and annual cash flow comes to $7,562/yr on $71,604 invested. Return on cash invested is 30.47% in year one, and rental yield stands at 10.81% on a $216,000 basis. Equity gained on principal adds $1,394/yr, and 5% annual appreciation accumulates to $59,677 by year five. Five-year ROI measures 159.41% and total cumulative return in cash reaches $114,147. For financing, Ziffy Mortgage’s DSCR program evaluates $1,946/mo property income against a $1,057/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1910
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47970, Otterbein, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 749 (100%) |
| Owner Occupied HU | 519 (69.3%) |
| Renter Occupied HU | 153 (20.4%) |
| Vacant Housing Units | 77 (10.3%) |
| Median Home Value | $211,735 |
| Average Home Value | $255,217 |
Residential
572
Single Family
572
Multi-Family
0
Businesses
46
Date | Event | Price |
|---|---|---|
| 2025-09-25 | Sold | $216,000 |
| 2025-08-18 | Pending sale | $214,999 |
| 2025-08-11 | Price change | $214,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-30 | $2025.50 | -0.86% | $213,100 | 8.45% |
| 2023-10-30 | $2043.02 | 4.52% | $196,500 | 8.03% |
| 2022-10-30 | $1954.64 | 30.30% | $181,900 | 3.59% |
Listed by: Amy Kelly • Raeco Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202523069
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.
