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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 Petersburg at 1631 E State Road 356, Petersburg, IN, 47567 listed at $164,749 pairs $1,656/mo rent with a $806/mo payment to leave $667/mo cash flow. Total monthly income runs $1,656/mo, and annual cash flow reaches $8,009/yr on $54,614 cash to close. Return on cash invested measures 34.57% in year one, and rental yield registers 12.06% at a $164,749 basis. Equity gained on principal adds $1,063/yr, and annual property appreciation at 5% supports $45,517 by year five. Five-year ROI tracks 181.28% and total cumulative return in cash totals $99,005. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,656/mo property income relative to a $806/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47567, Petersburg, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,619 (100%) |
| Owner Occupied HU | 1,818 (69.4%) |
| Renter Occupied HU | 503 (19.2%) |
| Vacant Housing Units | 298 (11.4%) |
| Median Home Value | $175,641 |
| Average Home Value | $200,881 |
Residential
2,477
Single Family
2,441
Multi-Family
36
Businesses
223
Date | Event | Price |
|---|---|---|
| 2025-09-15 | Sold | $164,749 |
| 2025-08-24 | Pending sale | $158,000 |
| 2025-08-20 | Listed for sale | $158,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-20 | $317.80 | 23.97% | $56,400 | 8.05% |
| 2023-10-20 | $256.36 | 11.39% | $52,200 | 5.45% |
| 2022-10-20 | $230.14 | 13.57% | $49,500 | 13.01% |
Listed by: Joanie Troutman • Key Associates Signature Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202533148
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.
