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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 Chalmers at 116 N 3rd St, Chalmers, IN, 47929 with 5% annual appreciation on a $224,688 basis while $1,808/mo rent supports operations. Total monthly income totals $1,808/mo and a $1,100/mo payment preserves $459/mo for cash returns. Annual cash flow comes to $5,508/yr on $74,484 deployed, and return on cash invested reaches 27.3% in year one. Equity gained on principal adds $1,450/yr, and five-year appreciation sums $62,077 alongside rental yield of 9.66%. Five-year ROI measures 142.25% and total cumulative return in cash totals $105,955.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,808/mo property income versus a $1,100/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1973
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47929, Chalmers, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 341 (100%) |
| Owner Occupied HU | 255 (74.8%) |
| Renter Occupied HU | 56 (16.4%) |
| Vacant Housing Units | 30 ( 8.8%) |
| Median Home Value | $196,759 |
| Average Home Value | $223,284 |
Residential
200
Single Family
200
Multi-Family
0
Businesses
21
Date | Event | Price |
|---|---|---|
| 2025-04-17 | Listed for sale | $224,688 |
| 2022-10-07 | Sold | $175,000 |
| 2022-09-12 | Pending sale | $175,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-18 | $1328.64 | -6.91% | $192,200 | 7.80% |
| 2023-04-18 | $1427.28 | -51.36% | $178,300 | N/A |
| 2022-04-18 | $2934.08 | 21.94% | $178,300 | 10.75% |
Listed by: Jessica L LaMar • Raeco Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513197
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.
