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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 Madison at 1221 Hatteras Way, Madison, IN, 47250 offers a 8.2% rental yield on a $339,000 purchase with $2,317/mo rent. 24% in year one. Equity gained on principal adds $2,188/yr while 5% annual appreciation supports $93,659 over five years. Portfolio math shows five-year ROI at 100.37% and total cumulative return in cash at $112,792. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,317/mo property income against a $1,659/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 2000
4,003 sqft lot
$N/A/sqft
$345 monthly HOA
Neighborhood data shown for ZIP Code: 47250, Madison, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,256 (100%) |
| Owner Occupied HU | 6,609 (64.4%) |
| Renter Occupied HU | 2,671 (26.0%) |
| Vacant Housing Units | 976 ( 9.5%) |
| Median Home Value | $232,661 |
| Average Home Value | $249,506 |
Residential
9,501
Single Family
9,288
Multi-Family
213
Businesses
902
Date | Event | Price |
|---|---|---|
| 2025-04-21 | Sold | $339,000 |
| 2025-01-09 | Price change | $374,900 |
| 2024-11-13 | Price change | $379,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | $1538.40 | -8.43% | $171,000 | N/A |
| 2023-11-01 | $1680.08 | -0.11% | $171,000 | N/A |
| 2022-11-01 | $1681.90 | 1.93% | $171,000 | N/A |
Listed by: Tony Bilz • F.C. Tucker/Scott Lynch Group
Mls Name: SIRA
Mls Provider:
Mls ID: #202409303
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.
