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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 129 E Larry Lane, Scottsburg, IN, 47170 priced at $139,900 converts $1,118/mo rent into $278/mo cash flow after a $685/mo obligation. Total monthly income equals $1,118/mo, and annual cash flow totals $3,335/yr on $46,377 invested. Return on cash invested prints 27.1% in year one, and rental yield reads 9.59% against a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,652 by year five. Five-year ROI reaches 141.18% and total cumulative return in cash sums $65,475. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,118/mo property income covering a $685/mo payment, not borrower’s personal income.
Single Family
Built in 1980
0.26 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 |
|---|---|---|
| 2017-03-15 | Sold | $106,000 |
| 2016-10-25 | Price change | $107,900 |
| 2016-08-31 | Listed for sale | $109,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-09 | $741.84 | -24.22% | $95,600 | 1.92% |
| 2023-06-09 | $978.94 | 10.98% | $93,800 | -13.07% |
| 2022-06-09 | $882.08 | 5.55% | $107,900 | 8.12% |
Listed by: Jennifer K Jordan • Lighthouse Realty Group, Inc.
Mls Name: SIRA
Mls Provider:
Mls ID: #202508560
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.
