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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 Farmland at 10237 W 700 N, Farmland, IN, 47340 generates $1,224/mo in rent, after a $1,156/mo payment. Total monthly income is $1,224/mo. Return on cash invested sits at 16.94% in year one, and rental yield is 6.22% on a $236,100 entry. Equity gained on principal adds $1,524/yr, while 5% annual appreciation builds toward $65,230 over five years. Five-year ROI reaches 86.72% and total cumulative return in cash sums $67,874. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,224/mo property income rather than buyer’s personal income.
Manufactured
Built in 2003
1.30 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47340, Farmland, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,244 (100%) |
| Owner Occupied HU | 912 (73.3%) |
| Renter Occupied HU | 228 (18.3%) |
| Vacant Housing Units | 104 ( 8.4%) |
| Median Home Value | $156,322 |
| Average Home Value | $188,931 |
Residential
931
Single Family
931
Multi-Family
0
Businesses
55
Date | Event | Price |
|---|---|---|
| 2025-07-09 | Listing removed | N/A |
| 2025-06-11 | Pending sale | $189,900 |
| 2025-06-06 | Listed for sale | $189,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-17 | $36.42 | -42.28% | $47,600 | 6.49% |
| 2023-10-17 | $63.10 | 2.00% | $44,700 | -16.14% |
| 2022-10-17 | $61.86 | 3.79% | $53,300 | 0.57% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
