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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 Elwood at 1212 N 10th St, Elwood, IN, 46036 generates $1,464/mo in rent and, after a $771/mo payment, leaves $518/mo in cash flow. Total monthly income is $1,464/mo, and annual cash flow is $6,221/yr on $52,211 invested. Return on cash invested sits at 31.82% in year one, and rental yield is 11.15% on a $157,500 entry. Equity gained on principal adds $1,016/yr, while 5% annual appreciation builds toward $43,514 over five years. Five-year ROI reaches 166.53% and total cumulative return in cash sums $86,949. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,464/mo property income rather than buyer’s personal income.
Single Family
Built in 1955
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46036, Elwood, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,548 (100%) |
| Owner Occupied HU | 3,484 (62.8%) |
| Renter Occupied HU | 1,409 (25.4%) |
| Vacant Housing Units | 655 (11.8%) |
| Median Home Value | $163,312 |
| Average Home Value | $204,644 |
Residential
5,172
Single Family
4,951
Multi-Family
221
Businesses
314
Date | Event | Price |
|---|---|---|
| 2025-09-09 | Sold | $157,500 |
| 2025-07-16 | Pending sale | $154,900 |
| 2025-06-03 | Price change | $154,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-20 | $359.00 | 25.16% | $38,900 | 8.36% |
| 2023-10-20 | $286.84 | 7.94% | $35,900 | 1.70% |
| 2022-10-20 | $265.74 | 8.88% | $35,300 | 7.29% |
What's Special
Access Only
Listed by: Robbin Edwards • Encore Sotheby's International
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22034992
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-19 22:52:54 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)
