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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 Paoli at 113 W Charles St, Paoli, IN, 47454 priced at $185,000 converts $1,819/mo rent into $644/mo cash flow after a $905/mo obligation. Total monthly income equals $1,819/mo, and annual cash flow totals $7,727/yr on $61,328 invested. Return on cash invested prints 32.51% in year one, and rental yield reads 11.8% against a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation compiles into $51,112 by year five. Five-year ROI reaches 170.63% and total cumulative return in cash sums $104,643. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,819/mo property income covering a $905/mo payment, not borrower’s personal income.
Single Family
Built in 1977
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47454, Paoli, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,470 (100%) |
| Owner Occupied HU | 2,307 (66.5%) |
| Renter Occupied HU | 724 (20.9%) |
| Vacant Housing Units | 439 (12.7%) |
| Median Home Value | $166,919 |
| Average Home Value | $200,277 |
Residential
3,247
Single Family
3,200
Multi-Family
47
Businesses
297
Date | Event | Price |
|---|---|---|
| 2024-11-11 | Sold | $185,000 |
| 2024-10-10 | Listed for sale | $190,000 |
| 2024-08-29 | Listing removed | $190,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $2316.00 | 179.71% | $132,200 | 14.16% |
| 2023-10-22 | $828.00 | 9.81% | $115,800 | 179.71% |
| 2022-10-22 | $754.00 | 5.90% | $41,400 | 9.81% |
Listed by: Kayla Burgi • RE/MAX Acclaimed Properties
Mls Name: IRMLS
Mls Provider:
Mls ID: #202411537
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.
