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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 Decatur at 11461 N Minnich Rd, Decatur, IN, 46733 listed at $239,900 pairs $2,384/mo rent with a $1,174/mo payment to leave $944/mo cash flow. Total monthly income runs $2,384/mo, and annual cash flow reaches $11,329/yr on $79,527 cash to close. Return on cash invested measures 34.15% in year one, and rental yield registers 11.92% at a $239,900 basis. Equity gained on principal adds $1,548/yr, and annual property appreciation at 5% supports $66,280 by year five. Five-year ROI tracks 179.04% and total cumulative return in cash totals $142,387. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,384/mo property income relative to a $1,174/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1983
2.01 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46733, Decatur, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,091 (100%) |
| Owner Occupied HU | 5,906 (73.0%) |
| Renter Occupied HU | 1,700 (21.0%) |
| Vacant Housing Units | 485 ( 6.0%) |
| Median Home Value | $216,630 |
| Average Home Value | $273,796 |
Residential
7,603
Single Family
7,462
Multi-Family
141
Businesses
584
Date | Event | Price |
|---|---|---|
| 2025-03-14 | Listed for sale | $239,900 |
| 2014-10-17 | Sold | $36,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-17 | $423.74 | 7.17% | $82,600 | -4.62% |
| 2023-03-17 | $395.40 | 22.29% | $86,600 | -1.37% |
| 2022-03-17 | $323.34 | 7.07% | $87,800 | 10.72% |
Listed by: Sheryl Harner • Harner Realty LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508274
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.
