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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 Elberfeld at 11122 Elberfeld Rd, Elberfeld, IN, 47613 generates $2,098/mo in rent and, after a $1,517/mo payment, leaves $237/mo in cash flow. Total monthly income is $2,098/mo, and annual cash flow is $2,849/yr on $102,765 invested. Return on cash invested sits at 22.68% in year one, and rental yield is 8.12% on a $310,000 entry. Equity gained on principal adds $2,000/yr, while 5% annual appreciation builds toward $85,647 over five years. Five-year ROI reaches 117.48% and total cumulative return in cash sums $120,727. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,098/mo property income rather than buyer’s personal income.
Single Family
Built in 1968
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47613, Elberfeld, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,085 (100%) |
| Owner Occupied HU | 910 (83.9%) |
| Renter Occupied HU | 112 (10.3%) |
| Vacant Housing Units | 63 ( 5.8%) |
| Median Home Value | $314,000 |
| Average Home Value | $320,706 |
Residential
1,057
Single Family
1,057
Multi-Family
0
Businesses
59
Date | Event | Price |
|---|---|---|
| 2025-03-10 | Listed for sale | $310,000 |
| 2021-04-12 | Sold | $207,000 |
| 2021-03-14 | Pending sale | $209,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-12 | $1369.48 | -7.82% | $208,700 | -2.70% |
| 2023-03-12 | $1485.64 | 67.67% | $214,500 | -1.42% |
| 2022-03-12 | $886.04 | 8.95% | $217,600 | 63.73% |
What's Special
Storage
Listed by: Tony Bowes • @properties
Mls Name: IRMLS
Mls Provider:
Mls ID: #202507518
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.
