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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 Versailles at 1283 S Adams St, Versailles, IN, 47042 listed at $149,900 pairs $1,372/mo rent with a $734/mo payment to leave $472/mo cash flow. Total monthly income runs $1,372/mo, and annual cash flow reaches $5,662/yr on $49,692 cash to close. Return on cash invested measures 31.3% in year one, and rental yield registers 10.98% at a $149,900 basis. Equity gained on principal adds $967/yr, and annual property appreciation at 5% supports $41,415 by year five. Five-year ROI tracks 163.7% and total cumulative return in cash totals $81,347. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,372/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47042, Versailles, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,997 (100%) |
| Owner Occupied HU | 1,258 (63.0%) |
| Renter Occupied HU | 542 (27.1%) |
| Vacant Housing Units | 197 ( 9.9%) |
| Median Home Value | $192,586 |
| Average Home Value | $228,027 |
Residential
1,809
Single Family
1,661
Multi-Family
148
Businesses
173
Date | Event | Price |
|---|---|---|
| 2025-07-21 | Listed for sale | $149,900 |
| 2025-06-29 | Listing removed | $149,900 |
| 2025-05-23 | Price change | $149,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-22 | $305.32 | -6.60% | $62,800 | 3.63% |
| 2023-07-22 | $326.88 | -7.00% | $60,600 | -1.46% |
| 2022-07-22 | $351.48 | 4.69% | $61,500 | -5.09% |
Listed by: Olivia Welch • Woolum Real Estate
Mls Name: SEIBR
Mls ID: #204547
Disclaimer: Copyright Southeastern Indiana Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.
