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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 Beech Grove at 1406 Biloxi Ln, Beech Grove, IN, 46107 at $205,000 posts ROI 21.01% with $62/mo cash flow from $1,500/mo rent. Total monthly income equals $1,500/mo, and annual cash flow records $749/yr on $67,958 to close. Return on cash invested measures 21.01% and rental yield reads 8.78% at the current $205,000. Equity gained on principal adds $1,323/yr, and 5% annual appreciation supports $56,638 by year five. Five-year ROI prints 109.86% and total cumulative return in cash totals $74,658.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,500/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1964
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46107, Beech Grove, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,159 (100%) |
| Owner Occupied HU | 3,514 (57.1%) |
| Renter Occupied HU | 2,355 (38.2%) |
| Vacant Housing Units | 290 ( 4.7%) |
| Median Home Value | $203,816 |
| Average Home Value | $235,733 |
Residential
5,707
Single Family
4,805
Multi-Family
902
Businesses
336
Date | Event | Price |
|---|---|---|
| 2024-11-14 | Price change | $205,000 |
| 2024-11-01 | Price change | $210,000 |
| 2024-10-17 | Listed for sale | $215,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-20 | $4190.26 | 17.08% | $151,000 | 7.63% |
| 2022-11-20 | $3578.90 | 12.70% | $140,300 | 13.24% |
| 2021-11-20 | $3175.68 | 16.15% | $123,900 | 6.17% |
What's Special
Pull Down Stairs
Listed by: Leticia Latinovich • Real Broker, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22006095
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 08:48:41 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_48)
