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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 Scottsburg at 1237 W Weir Road, Scottsburg, IN, 47170 priced at $625,000 converts $3,082/mo rent into after a $3,059/mo obligation. Total monthly income equals $3,082/mo. Return on cash invested prints 16.15% in year one, and rental yield reads 5.92% against a $625,000 entry. Equity gained on principal adds $4,033/yr, while 5% annual appreciation compiles into $172,676 by year five. Five-year ROI reaches 82.43% and total cumulative return in cash sums $169,501. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,082/mo property income covering a $3,059/mo payment, not borrower’s personal income.
Single Family
Built in 1988
4 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47170, Scottsburg, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,833 (100%) |
| Owner Occupied HU | 4,256 (62.3%) |
| Renter Occupied HU | 1,960 (28.7%) |
| Vacant Housing Units | 617 ( 9.0%) |
| Median Home Value | $185,872 |
| Average Home Value | $216,799 |
Residential
6,473
Single Family
6,313
Multi-Family
160
Businesses
537
Date | Event | Price |
|---|---|---|
| 2025-04-10 | Listed for sale | $625,000 |
| 2025-04-10 | Listing removed | $625,000 |
| 2025-04-01 | Price change | $625,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-11 | $240.00 | 3.08% | $8,000 | N/A |
| 2023-04-11 | $232.82 | 25.17% | $8,000 | N/A |
| 2022-04-11 | $186.00 | 0.58% | $8,000 | 29.03% |
Listed by: Casey Elkins • Kovener & Associates Real Esta
Mls Name: SIRA
Mls Provider:
Mls ID: #202507166
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.
