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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 Canaan at 13873 Pleasant Grove Rd, Canaan, IN, 47224 generates $1,782/mo in rent, after a $1,713/mo payment. Total monthly income is $1,782/mo. Return on cash invested sits at 16.61% in year one, and rental yield is 6.11% on a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 84.94% and total cumulative return in cash sums $98,526. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,782/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
5.29 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47224, Canaan, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 241 (100%) |
| Owner Occupied HU | 182 (75.5%) |
| Renter Occupied HU | 30 (12.4%) |
| Vacant Housing Units | 29 (12.0%) |
| Median Home Value | $270,690 |
| Average Home Value | $276,442 |
Residential
238
Single Family
238
Multi-Family
0
Businesses
7
Date | Event | Price |
|---|---|---|
| 2025-03-25 | Listed for sale | $349,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-26 | $425.34 | 21.59% | $78,500 | 166.10% |
| 2022-03-26 | $349.82 | 105.25% | $29,500 | 13.03% |
| 2021-03-26 | $170.44 | -57.81% | $26,100 | 0.38% |
Listed by: Bradley Baldwin • Rider Realty LLC
Mls Name: SEIBR
Mls ID: #204677
Disclaimer: Copyright Southeastern Indiana Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.
