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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 Kentland at 114 E Iroquois St, Kentland, IN, 47951 generates $2,411/mo in rent and, after a $979/mo payment, leaves $1,210/mo in cash flow. Total monthly income is $2,411/mo, and annual cash flow is $14,524/yr on $66,300 invested. Return on cash invested sits at 41.82% in year one, and rental yield is 14.47% on a $200,000 entry. Equity gained on principal adds $1,291/yr, while 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 220.12% and total cumulative return in cash sums $145,940. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,411/mo property income rather than buyer’s personal income.
Single Family
Built in 1941
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47951, Kentland, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 990 (100%) |
| Owner Occupied HU | 671 (67.8%) |
| Renter Occupied HU | 244 (24.6%) |
| Vacant Housing Units | 75 ( 7.6%) |
| Median Home Value | $111,384 |
| Average Home Value | $138,081 |
Residential
943
Single Family
898
Multi-Family
45
Businesses
138
Date | Event | Price |
|---|---|---|
| 2024-12-31 | Sold | $200,000 |
| 2024-10-15 | Listed for sale | $214,900 |
| 2024-09-06 | Listing removed | $214,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $1638.00 | -6.51% | $191,500 | 16.91% |
| 2023-10-24 | $1752.00 | 36.55% | $163,800 | -6.51% |
| 2022-10-24 | $1283.00 | 18.80% | $175,200 | 36.55% |
Listed by: Deborah Shufflebarger • The Real Estate Shoppe, LLC
Mls Name: NIRA
Mls Provider:
Mls ID: #800605
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-24 05:28:21 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#185)
