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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 Ossian at 116 E Lafever St, Ossian, IN, 46777 priced at $125,000 converts $1,003/mo rent into $252/mo cash flow after a $612/mo obligation. Total monthly income equals $1,003/mo, and annual cash flow totals $3,030/yr on $41,438 invested. Return on cash invested prints 27.22% in year one, and rental yield reads 9.63% against a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation compiles into $34,535 by year five. Five-year ROI reaches 141.85% and total cumulative return in cash sums $58,781. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,003/mo property income covering a $612/mo payment, not borrower’s personal income.
Single Family
Built in 1900
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46777, Ossian, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,731 (100%) |
| Owner Occupied HU | 2,141 (78.4%) |
| Renter Occupied HU | 428 (15.7%) |
| Vacant Housing Units | 162 ( 5.9%) |
| Median Home Value | $227,960 |
| Average Home Value | $267,226 |
Residential
2,606
Single Family
2,547
Multi-Family
59
Businesses
128
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Andrew Morken • Morken Real Estate Services, Inc.
Mls Name: IRMLS
Mls ID: #202535995
