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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 Decatur at 1203 Elm St, Decatur, IN, 46733 uses $57,979 cash to close to unlock $422/yr annual cash flow and $35/mo monthly cash flow. Total monthly income runs $1,085/mo, and a $856/mo payment keeps the spread at $35/mo. Purchase price stands at $174,900, and rental yield measures 7.44% with $1,085/mo rent. Return on cash invested shows 20.64% in year one, and 5% annual appreciation builds toward $48,322 over five years. Five-year ROI reaches 106.57% and total cumulative return in cash records $61,788. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,085/mo property income covering a $856/mo payment rather than investor’s personal income.
Single Family
Built in 1960
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46733, Decatur, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,091 (100%) |
| Owner Occupied HU | 5,906 (73.0%) |
| Renter Occupied HU | 1,700 (21.0%) |
| Vacant Housing Units | 485 ( 6.0%) |
| Median Home Value | $216,630 |
| Average Home Value | $273,796 |
Residential
7,603
Single Family
7,462
Multi-Family
141
Businesses
584
Date | Event | Price |
|---|---|---|
| 2025-07-02 | Sold | $174,900 |
| 2025-06-06 | Pending sale | $174,900 |
| 2025-06-04 | Listed for sale | $174,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-16 | $779.26 | -5.19% | $96,300 | 2.67% |
| 2023-10-16 | $821.88 | -53.04% | $93,800 | -1.88% |
| 2022-10-16 | $1750.00 | 98.60% | $95,600 | 9.26% |
Listed by: Andrea Gates • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516169
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.
