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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 Jasper at 1514 Mill St, Jasper, IN, 47546 offers $1,306/mo rent that, after a $842/mo payment, leaves $161/mo cash flow. Total monthly income is $1,306/mo, and annual cash flow is $1,934/yr on $57,018 cash. Return on cash invested measures 23.3% in year one, and rental yield stands at 9.11% at a $172,000 entry. Equity gained on principal adds $1,110/yr while 5% annual appreciation compounds into $47,520 by year five. Five-year ROI records 121.73% and total cumulative return in cash reaches $69,409. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,306/mo property income versus a $842/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1938
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47546, Jasper, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,013 (100%) |
| Owner Occupied HU | 6,765 (67.6%) |
| Renter Occupied HU | 2,608 (26.0%) |
| Vacant Housing Units | 640 ( 6.4%) |
| Median Home Value | $270,554 |
| Average Home Value | $316,388 |
Residential
9,829
Single Family
9,428
Multi-Family
401
Businesses
754
Date | Event | Price |
|---|---|---|
| 2025-04-01 | Listed for sale | $172,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-02 | $2773.98 | 34.65% | $143,200 | 5.06% |
| 2023-04-02 | $2060.20 | 10.46% | $136,300 | 34.95% |
| 2022-04-02 | $1865.12 | -1.17% | $101,000 | 10.75% |
Listed by: Steve A Wigand • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510743
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.
