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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 Redkey at 115 N Meridian St, Redkey, IN, 47373 listed at $138,000 pairs $1,547/mo rent with a $675/mo payment to leave $719/mo cash flow. Total monthly income runs $1,547/mo, and annual cash flow reaches $8,629/yr on $45,747 cash to close. Return on cash invested measures 38.77% in year one, and rental yield registers 13.45% at a $138,000 basis. Equity gained on principal adds $890/yr, and annual property appreciation at 5% supports $38,127 by year five. Five-year ROI tracks 203.83% and total cumulative return in cash totals $93,246. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,547/mo property income relative to a $675/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1896
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47373, Redkey, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 973 (100%) |
| Owner Occupied HU | 665 (68.3%) |
| Renter Occupied HU | 186 (19.1%) |
| Vacant Housing Units | 122 (12.5%) |
| Median Home Value | $162,750 |
| Average Home Value | $215,075 |
Residential
603
Single Family
603
Multi-Family
0
Businesses
42
Date | Event | Price |
|---|---|---|
| 2025-01-31 | Sold | $138,000 |
| 2024-11-13 | Pending sale | $147,500 |
| 2024-10-16 | Price change | $147,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $359.38 | -1.36% | $71,700 | 7.01% |
| 2023-10-22 | $364.32 | -3.80% | $67,000 | -1.03% |
| 2022-10-22 | $378.70 | 4.34% | $67,700 | 13.78% |
Listed by: Mitch Waters • Home Experts Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202435125
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.
