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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 Canaan at 16096 State Road 129, Canaan, IN, 47224 offers a 4.9% rental yield on a $425,000 purchase with $1,736/mo rent. 97% in year one. Equity gained on principal adds $2,742/yr while 5% annual appreciation supports $117,420 over five years. Portfolio math shows five-year ROI at 65.37% and total cumulative return in cash at $92,093. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,736/mo property income against a $2,080/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
18.42 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 |
|---|---|---|
| 2025-03-31 | Listed for sale | $425,000 |
| 2022-08-25 | Listing removed | N/A |
| 2022-06-30 | Pending sale | $289,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-02 | $1830.64 | -12.89% | $150,500 | 20.11% |
| 2023-04-02 | $2101.48 | 10.08% | $125,300 | -37.04% |
| 2022-04-02 | $1909.02 | 1.23% | $199,000 | 13.13% |
Listed by: Angela Beck • Exp Realty
Mls Name: SEIBR
Mls ID: #204722
Disclaimer: Copyright Southeastern Indiana Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.
