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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 Laurel at 131 Charles St, Laurel, IN, 47024 listed at $108,900 pairs $842/mo rent with a $533/mo payment to leave $188/mo cash flow. Total monthly income runs $842/mo, and annual cash flow reaches $2,260/yr on $36,100 cash to close. Return on cash invested measures 26.17% in year one, and rental yield registers 9.28% at a $108,900 basis. Equity gained on principal adds $703/yr, and annual property appreciation at 5% supports $30,087 by year five. Five-year ROI tracks 136.26% and total cumulative return in cash totals $49,190. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $842/mo property income relative to a $533/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47024, Laurel, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,293 (100%) |
| Owner Occupied HU | 965 (74.6%) |
| Renter Occupied HU | 191 (14.8%) |
| Vacant Housing Units | 137 (10.6%) |
| Median Home Value | $176,520 |
| Average Home Value | $223,956 |
Residential
1,004
Single Family
1,004
Multi-Family
0
Businesses
44
Date | Event | Price |
|---|---|---|
| 2025-06-03 | Listed for sale | $108,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-04 | $262.72 | -1.48% | $52,800 | 4.14% |
| 2023-06-04 | $266.68 | 35.69% | $50,700 | 6.29% |
| 2022-06-04 | $196.54 | 10.24% | $47,700 | 5.30% |
Listed by: Georgia Green • Coldwell Banker Lingle
Mls Name: RLMS
Mls Provider:
Mls ID: #10051145
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.
