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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 Converse at 11044 S 1050 E, Converse, IN, 46919 offers a 10.49% rental yield on a $202,400 purchase with $1,770/mo rent. Total monthly income registers $1,770/mo, and a $991/mo payment leaves $555/mo available for distribution. Annual cash flow reaches $6,656/yr on $67,096 to close, and return on cash invested stands at 29.83% in year one. Equity gained on principal adds $1,306/yr while 5% annual appreciation supports $55,919 over five years. Portfolio math shows five-year ROI at 155.8% and total cumulative return in cash at $104,537. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,770/mo property income against a $991/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1979
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46919, Converse, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 961 (100%) |
| Owner Occupied HU | 676 (70.3%) |
| Renter Occupied HU | 185 (19.3%) |
| Vacant Housing Units | 100 (10.4%) |
| Median Home Value | $196,330 |
| Average Home Value | $273,295 |
Residential
577
Single Family
531
Multi-Family
46
Businesses
42
Date | Event | Price |
|---|---|---|
| 2024-11-22 | Sold | $202,400 |
| 2024-09-23 | Listed for sale | $199,900 |
| 2024-08-31 | Pending sale | $199,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-02 | $1267.88 | 20.86% | $174,600 | -1.02% |
| 2023-11-02 | $1049.08 | 29.44% | $176,400 | 15.22% |
| 2022-11-02 | $810.48 | 102.20% | $153,100 | 18.22% |
What's Special
Storage
Listed by: Lindsay Ousley • The Wyman Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202429890
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.
