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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 Odon at 106 Edwards Ln, Odon, IN, 47562 generates $1,338/mo in rent and, after a $783/mo payment, leaves $378/mo in cash flow. Total monthly income is $1,338/mo, and annual cash flow is $4,533/yr on $53,007 invested. Return on cash invested sits at 28.46% in year one, and rental yield is 10.04% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 148.45% and total cumulative return in cash sums $78,690. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,338/mo property income rather than buyer’s personal income.
Manufactured
Built in 1995
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47562, Odon, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,799 (100%) |
| Owner Occupied HU | 1,335 (74.2%) |
| Renter Occupied HU | 354 (19.7%) |
| Vacant Housing Units | 110 ( 6.1%) |
| Median Home Value | $238,010 |
| Average Home Value | $260,268 |
Residential
1,785
Single Family
1,673
Multi-Family
112
Businesses
133
Date | Event | Price |
|---|---|---|
| 2025-09-04 | Listed for sale | $159,900 |
| 2009-06-09 | Sold | $48,000 |
| 2007-08-01 | Sold | $38,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-04 | $364.92 | 15.66% | $92,900 | 12.20% |
| 2023-09-04 | $315.52 | 6.19% | $82,800 | 15.16% |
| 2022-09-04 | $297.12 | 1.12% | $71,900 | 9.44% |
Listed by: Ryan Klingle • Home & Harvest Properties LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202535484
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.
