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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 Converse at 13087 S Elm St, Converse, IN, 46919 generates $1,123/mo in rent and, after a $685/mo payment, leaves $283/mo in cash flow. Total monthly income is $1,123/mo, and annual cash flow is $3,395/yr on $46,377 invested. Return on cash invested sits at 27.23% in year one, and rental yield is 9.63% on a $139,900 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 141.85% and total cumulative return in cash sums $65,787. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,123/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46919, Converse, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 961 (100%) |
| Owner Occupied HU | 676 (70.3%) |
| Renter Occupied HU | 185 (19.3%) |
| Vacant Housing Units | 100 (10.4%) |
| Median Home Value | $196,330 |
| Average Home Value | $273,295 |
Residential
577
Single Family
531
Multi-Family
46
Businesses
42
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Robyn Windle • Nicholson Realty 2.0 LLC
Mls Name: IRMLS
Mls ID: #202534197
