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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 Petersburg at 1314 N Vincennes Ave, Petersburg, IN, 47567 priced at $240,000 converts $1,482/mo rent into $41/mo cash flow after a $1,175/mo obligation. Total monthly income equals $1,482/mo, and annual cash flow totals $492/yr on $79,560 invested. Return on cash invested prints 20.53% in year one, and rental yield reads 7.41% against a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation compiles into $66,308 by year five. Five-year ROI reaches 105.92% and total cumulative return in cash sums $84,266. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,482/mo property income covering a $1,175/mo payment, not borrower’s personal income.
Single Family
Built in 1968
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47567, Petersburg, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,619 (100%) |
| Owner Occupied HU | 1,818 (69.4%) |
| Renter Occupied HU | 503 (19.2%) |
| Vacant Housing Units | 298 (11.4%) |
| Median Home Value | $175,641 |
| Average Home Value | $200,881 |
Residential
2,477
Single Family
2,441
Multi-Family
36
Businesses
223
Date | Event | Price |
|---|---|---|
| 2024-08-02 | Price change | $240,000 |
| 2024-06-17 | Price change | $255,000 |
| 2024-04-18 | Listed for sale | $260,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $609.20 | 167.19% | $116,600 | 10.42% |
| 2022-10-15 | $228.00 | -77.89% | $105,600 | 14.04% |
| 2021-10-15 | $1031.00 | 2.69% | $92,600 | 4.40% |
Listed by: Melody Faulk • RE/MAX Local
Mls Name: IRMLS
Mls Provider:
Mls ID: #202413041
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.
