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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 Otterbein at 110 E Peterson St, Otterbein, IN, 47970 priced at $137,000 converts $1,047/mo rent into $224/mo cash flow after a $671/mo obligation. Total monthly income equals $1,047/mo, and annual cash flow totals $2,690/yr on $45,416 invested. Return on cash invested prints 25.83% in year one, and rental yield reads 9.17% against a $137,000 entry. Equity gained on principal adds $884/yr, while 5% annual appreciation compiles into $37,851 by year five. Five-year ROI reaches 134.47% and total cumulative return in cash sums $61,072. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,047/mo property income covering a $671/mo payment, not borrower’s personal income.
Single Family
Built in 1972
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47970, Otterbein, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 749 (100%) |
| Owner Occupied HU | 519 (69.3%) |
| Renter Occupied HU | 153 (20.4%) |
| Vacant Housing Units | 77 (10.3%) |
| Median Home Value | $211,735 |
| Average Home Value | $255,217 |
Residential
572
Single Family
572
Multi-Family
0
Businesses
46
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Adriane Henderson • Raeco Realty
Mls Name: IRMLS
Mls ID: #202544975
