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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 Spiceland at 118 N 6th St, Spiceland, IN, 47385 listed at $140,000 pairs $0/mo rent with a $685/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -1.81% in year one, and rental yield registers 0% at a $140,000 basis. Equity gained on principal adds $903/yr, and annual property appreciation at 5% supports $38,679 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $685/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1961
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47385, Spiceland, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 762 (100%) |
| Owner Occupied HU | 572 (75.1%) |
| Renter Occupied HU | 140 (18.4%) |
| Vacant Housing Units | 50 ( 6.6%) |
| Median Home Value | $212,626 |
| Average Home Value | $316,888 |
Residential
355
Single Family
355
Multi-Family
0
Businesses
40
Date | Event | Price |
|---|---|---|
| 2025-03-25 | Listed for sale | $140,000 |
| 2021-11-30 | Sold | $90,000 |
| 2021-10-12 | Pending sale | $88,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-26 | $333.38 | 15.77% | $78,600 | 11.81% |
| 2023-03-26 | $287.96 | -10.01% | $70,300 | 12.48% |
| 2022-03-26 | $320.00 | -56.57% | $62,500 | 67.11% |
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Listed by: Rebecca Payne • RE/MAX At The Crossing
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22028820
Disclaimer: Based on information submitted to the MLS GRID as of 2025-03-26 07:47:47 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
