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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 Converse at 11725 S 400 W, Converse, IN, 46919 uses $94,478 cash to close to unlock $2,821/yr annual cash flow and $235/mo monthly cash flow. Total monthly income runs $1,946/mo, and a $1,395/mo payment keeps the spread at $235/mo. Purchase price stands at $285,000, and rental yield measures 8.19% with $1,946/mo rent. Return on cash invested shows 22.9% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 118.66% and total cumulative return in cash records $112,110. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,946/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 1976
2.13 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46919, Converse, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 961 (100%) |
| Owner Occupied HU | 676 (70.3%) |
| Renter Occupied HU | 185 (19.3%) |
| Vacant Housing Units | 100 (10.4%) |
| Median Home Value | $196,330 |
| Average Home Value | $273,295 |
Residential
577
Single Family
531
Multi-Family
46
Businesses
42
Date | Event | Price |
|---|---|---|
| 2024-10-29 | Listed for sale | $285,000 |
| 2020-09-24 | Sold | $190,000 |
| 2020-08-12 | Listed for sale | $189,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-19 | $920.60 | 7.12% | $200,300 | 5.87% |
| 2022-11-19 | $859.40 | 70.62% | $189,200 | 13.50% |
| 2021-11-19 | $503.68 | 9.17% | $166,700 | 37.65% |
Listed by: Rae C Lachenmaier • The Hardie Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202441883
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.
