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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 Tipton at 120 W South St, Tipton, IN, 46072 generates $1,252/mo in rent, after a $1,160/mo payment. Total monthly income is $1,252/mo. Return on cash invested sits at 17.3% in year one, and rental yield is 6.34% on a $237,000 entry. Equity gained on principal adds $1,529/yr, while 5% annual appreciation builds toward $65,479 over five years. Five-year ROI reaches 88.66% and total cumulative return in cash sums $69,656. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,252/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46072, Tipton, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,128 (100%) |
| Owner Occupied HU | 3,001 (72.7%) |
| Renter Occupied HU | 817 (19.8%) |
| Vacant Housing Units | 310 ( 7.5%) |
| Median Home Value | $208,736 |
| Average Home Value | $239,538 |
Residential
4,051
Single Family
3,861
Multi-Family
190
Businesses
369
Date | Event | Price |
|---|---|---|
| 2025-05-01 | Listed for sale | $237,000 |
| 2013-10-15 | Listing removed | $900 |
| 2013-09-11 | Listed for sale | $900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-01 | $1592.00 | 12.27% | $167,800 | 5.40% |
| 2023-05-01 | $1418.00 | 15.47% | $159,200 | 12.27% |
| 2022-05-01 | $1228.00 | 8.19% | $141,800 | 15.47% |
Listed by: Britni Merrell • RE/MAX Anew Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515374
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.
