Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 Alexandria at 1515 S Park Ave, Alexandria, IN, 46001 at $320,000 posts ROI 24.34% with $391/mo cash flow from $2,312/mo rent. Total monthly income equals $2,312/mo, and annual cash flow records $4,696/yr on $106,080 to close. Return on cash invested measures 24.34% and rental yield reads 8.67% at the current $320,000. Equity gained on principal adds $2,065/yr, and 5% annual appreciation supports $88,410 by year five. Five-year ROI prints 126.36% and total cumulative return in cash totals $134,043.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,312/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1875
2.18 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46001, Alexandria, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,069 (100%) |
| Owner Occupied HU | 3,388 (66.8%) |
| Renter Occupied HU | 1,108 (21.9%) |
| Vacant Housing Units | 573 (11.3%) |
| Median Home Value | $178,912 |
| Average Home Value | $205,941 |
Residential
4,471
Single Family
4,461
Multi-Family
10
Businesses
216
Date | Event | Price |
|---|---|---|
| 2025-06-18 | Sold | $320,000 |
| 2025-05-16 | Pending sale | $325,000 |
| 2025-03-13 | Price change | $325,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $2538.16 | 0.31% | $415,300 | 289.59% |
| 2023-10-24 | $2530.22 | -46.76% | $106,600 | 0.95% |
| 2022-10-24 | $4752.82 | 95.32% | $105,600 | -45.20% |
What's Special
Access Only
Listed by: Kellie Ryan • Highgarden Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #21979997
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-24 05:37:46 PDT. 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](/mls-disclaimers/#48)
