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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 Sulphur Springs at 103 Bluebird Ln, Sulphur Springs, IN, 47388 offers $1,640/mo rent that, after a $1,187/mo payment, leaves $184/mo cash flow. Total monthly income is $1,640/mo, and annual cash flow is $2,211/yr on $80,389 cash. Return on cash invested measures 22.66% in year one, and rental yield stands at 8.12% at a $242,500 entry. Equity gained on principal adds $1,565/yr while 5% annual appreciation compounds into $66,998 by year five. Five-year ROI records 117.38% and total cumulative return in cash reaches $94,363. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,640/mo property income versus a $1,187/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1992
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47388, Sulphur Springs, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | |
| Owner Occupied HU | |
| Renter Occupied HU | |
| Vacant Housing Units | |
| Median Home Value | |
| Average Home Value |
Residential
1
Single Family
1
Multi-Family
0
Businesses
21
Date | Event | Price |
|---|---|---|
| 2025-09-12 | Sold | $242,500 |
| 2025-07-13 | Pending sale | $247,500 |
| 2025-07-07 | Price change | $247,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-31 | $1718.60 | 15.63% | $207,400 | -0.77% |
| 2023-10-31 | $1486.34 | 0.17% | $209,000 | 26.44% |
| 2022-10-31 | $1483.86 | 8.58% | $165,300 | 9.25% |
Listed by: Austin Rich • NextHome Elite Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518118
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.
