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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 Selma at 1100 S Pittenger Rd, Selma, IN, 47383 offers a 8.94% rental yield on a $218,000 purchase with $1,625/mo rent. Total monthly income registers $1,625/mo, and a $1,067/mo payment leaves $228/mo available for distribution. Annual cash flow reaches $2,733/yr on $72,267 to close, and return on cash invested stands at 23.69% in year one. Equity gained on principal adds $1,407/yr while 5% annual appreciation supports $60,229 over five years. Portfolio math shows five-year ROI at 123.44% and total cumulative return in cash at $89,203. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,625/mo property income against a $1,067/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1938
2 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47383, Selma, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,127 (100%) |
| Owner Occupied HU | 911 (80.8%) |
| Renter Occupied HU | 143 (12.7%) |
| Vacant Housing Units | 73 ( 6.5%) |
| Median Home Value | $218,720 |
| Average Home Value | $239,391 |
Residential
1,014
Single Family
1,014
Multi-Family
0
Businesses
40
Date | Event | Price |
|---|---|---|
| 2024-12-13 | Sold | $218,000 |
| 2024-11-03 | Pending sale | $218,000 |
| 2024-10-04 | Price change | $218,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $2872.52 | 5.08% | $152,900 | 9.84% |
| 2023-10-22 | $2733.54 | 568.54% | $139,200 | 4.74% |
| 2022-10-22 | $408.88 | 5.83% | $132,900 | 127.18% |
What's Special
Storage
Listed by: Jennifer Whittenburg • RE/MAX at the Crossing.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202433061
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.
