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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 Solsberry at 1038 Cedar Ln, Solsberry, IN, 47460 listed at $385,000 pairs $1,159/mo rent with a $1,884/mo payment. Total monthly income runs $1,159/mo. Return on cash invested measures 9.08% in year one, and rental yield registers 3.61% at a $385,000 basis. Equity gained on principal adds $2,484/yr, and annual property appreciation at 5% supports $106,368 by year five. Five-year ROI tracks 44.56% and total cumulative return in cash totals $56,866. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,159/mo property income relative to a $1,884/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1860
33.80 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-26 | $624.18 | 18.50% | $52,200 | 20.00% |
| 2023-06-26 | $526.72 | 2.51% | $43,500 | 26.82% |
| 2022-06-26 | $513.80 | -73.57% | $34,300 | 16.27% |
Listed by: Ken Nissley • Kenter Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524440
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.
