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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 West Lebanon at 118 S Hickory Ln, West Lebanon, IN, 47991 at $283,000 posts ROI 23.83% with $306/mo cash flow from $2,005/mo rent. Total monthly income equals $2,005/mo, and annual cash flow records $3,676/yr on $93,815 to close. Return on cash invested measures 23.83% and rental yield reads 8.5% at the current $283,000. Equity gained on principal adds $1,826/yr, and 5% annual appreciation supports $78,188 by year five. Five-year ROI prints 123.64% and total cumulative return in cash totals $115,995.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,005/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1970
1.24 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47991, West Lebanon, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 424 (100%) |
| Owner Occupied HU | 302 (71.2%) |
| Renter Occupied HU | 83 (19.6%) |
| Vacant Housing Units | 39 ( 9.2%) |
| Median Home Value | $167,143 |
| Average Home Value | $204,743 |
Residential
330
Single Family
330
Multi-Family
0
Businesses
28
Date | Event | Price |
|---|---|---|
| 2024-12-30 | Sold | $283,000 |
| 2024-11-18 | Pending sale | $315,000 |
| 2024-10-14 | Price change | $315,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $43.42 | -1.23% | $2,400 | N/A |
| 2023-10-24 | $43.96 | 1.01% | $2,400 | N/A |
| 2022-10-24 | $43.52 | 12.22% | $2,400 | 9.09% |
Listed by: Kirsten Massey • Dream Home Realty Group, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22003116
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-24 05:37:46 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)
