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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 Andrews at 161 S Jackson St, Andrews, IN, 46702 generates $1,231/mo in rent and, after a $915/mo payment, leaves $109/mo in cash flow. Total monthly income is $1,231/mo, and annual cash flow is $1,306/yr on $61,957 invested. Return on cash invested sits at 22.02% in year one, and rental yield is 7.9% on a $186,900 entry. Equity gained on principal adds $1,206/yr, while 5% annual appreciation builds toward $51,637 over five years. Five-year ROI reaches 113.92% and total cumulative return in cash sums $70,583. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,231/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46702, Andrews, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 956 (100%) |
| Owner Occupied HU | 708 (74.1%) |
| Renter Occupied HU | 139 (14.5%) |
| Vacant Housing Units | 109 (11.4%) |
| Median Home Value | $245,000 |
| Average Home Value | $276,691 |
Residential
788
Single Family
763
Multi-Family
25
Businesses
35
Date | Event | Price |
|---|---|---|
| 2025-04-03 | Listed for sale | $186,900 |
| 2008-06-03 | Sold | $15,000 |
| 2003-11-19 | Sold | $64,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-04 | $984.00 | 24.71% | $95,800 | -0.62% |
| 2023-04-04 | $789.00 | 16.89% | $96,400 | 27.01% |
| 2022-04-04 | $675.00 | 7.48% | $75,900 | 16.95% |
Listed by: Carl Mygrant • Century 21 The Property Shoppe
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511135
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.
