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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 Decatur at 1224 E Edge Water Ct, Decatur, IN, 46733 generates $2,346/mo in rent and, after a $1,810/mo payment, leaves $99/mo in cash flow. Total monthly income is $2,346/mo, and annual cash flow is $1,182/yr on $122,622 invested. Return on cash invested sits at 20.87% in year one, and rental yield is 7.61% on a $369,900 entry. Equity gained on principal adds $2,387/yr, while 5% annual appreciation builds toward $102,197 over five years. Five-year ROI reaches 107.87% and total cumulative return in cash sums $132,274. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,346/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
0.96 Acres lot
$N/A/sqft
$330 annually 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 |
|---|---|---|
| 2025-04-12 | Listed for sale | $369,900 |
| 2024-08-05 | Sold | $348,000 |
| 2024-08-01 | Pending sale | $349,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-15 | $2902.00 | 9.26% | $266,300 | 5.26% |
| 2023-04-15 | $2656.00 | 10.48% | $253,000 | 9.15% |
| 2022-04-15 | $2404.00 | 6.47% | $231,800 | 10.38% |
What's Special
Pull Down Stairs,Storage
Listed by: Brian L Kuhns • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512528
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.
