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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 Fairmount at 1318 N Main St, Fairmount, IN, 46928 listed at $130,000 pairs $1,253/mo rent with a $636/mo payment to leave $473/mo cash flow. Total monthly income runs $1,253/mo, and annual cash flow reaches $5,675/yr on $43,095 cash to close. Return on cash invested measures 33.08% in year one, and rental yield registers 11.57% at a $130,000 basis. Equity gained on principal adds $839/yr, and annual property appreciation at 5% supports $35,917 by year five. Five-year ROI tracks 173.21% and total cumulative return in cash totals $74,643. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,253/mo property income relative to a $636/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1956
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46928, Fairmount, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,077 (100%) |
| Owner Occupied HU | 1,510 (72.7%) |
| Renter Occupied HU | 394 (19.0%) |
| Vacant Housing Units | 173 ( 8.3%) |
| Median Home Value | $142,808 |
| Average Home Value | $185,599 |
Residential
1,998
Single Family
1,960
Multi-Family
38
Businesses
120
Date | Event | Price |
|---|---|---|
| 2025-06-27 | Listed for sale | $130,000 |
| 2014-08-01 | Sold | $59,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-30 | $513.66 | 18.48% | $99,500 | 13.33% |
| 2023-06-30 | $433.54 | 22.80% | $87,800 | 10.86% |
| 2022-06-30 | $353.04 | 17.35% | $79,200 | 13.96% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
