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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 Rensselaer at 10338 Oreilly Ln, Rensselaer, IN, 47978 earns $507/mo cash flow from $2,653/mo rent with a $1,750/mo payment. Total monthly income totals $2,653/mo, and annual cash flow totals $6,081/yr on $118,511 capital. ROI tracks 25.04% on current figures, and rental yield reads 8.91% at a $357,500 purchase. Equity gained on principal adds $2,307/yr, and 5% annual appreciation supports $98,771 over five years. Five-year ROI reaches 130.11% and total cumulative return in cash sums $154,193. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,653/mo property income instead of your personal income.
Single Family
Built in 1979
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47978, Rensselaer, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,710 (100%) |
| Owner Occupied HU | 3,173 (67.4%) |
| Renter Occupied HU | 1,190 (25.3%) |
| Vacant Housing Units | 347 ( 7.4%) |
| Median Home Value | $207,764 |
| Average Home Value | $254,811 |
Residential
4,454
Single Family
4,324
Multi-Family
130
Businesses
430
Date | Event | Price |
|---|---|---|
| 2025-11-24 | Listed for sale | $357,500 |
| 2025-11-14 | Listing removed | $359,900 |
| 2025-08-05 | Price change | $359,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-12-15 | $831.50 | -2.14% | $244,900 | 7.22% |
| 2023-12-15 | $849.64 | 2.50% | $228,400 | 9.60% |
| 2022-12-15 | $828.94 | 7.98% | $208,400 | 7.81% |
Listed by: Terri Phegley • Cornerstone Real Estate Agency
Mls Name: NIRA
Mls Provider:
Mls ID: #831166
Disclaimer: Based on information submitted to the MLS GRID as of 2025-12-15 05:57:51 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#185)
