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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 Georgetown at 1635 Bowman Drive, Georgetown, IN, 47122 generates $2,173/mo in rent and, after a $1,251/mo payment, leaves $639/mo in cash flow. Total monthly income is $2,173/mo, and annual cash flow is $7,666/yr on $84,698 invested. Return on cash invested sits at 28.96% in year one, and rental yield is 10.21% on a $255,500 entry. Equity gained on principal adds $1,649/yr, while 5% annual appreciation builds toward $70,590 over five years. Five-year ROI reaches 151.14% and total cumulative return in cash sums $128,013. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,173/mo property income rather than buyer’s personal income.
Single Family
Built in 1971
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47122, Georgetown, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,539 (100%) |
| Owner Occupied HU | 3,927 (86.5%) |
| Renter Occupied HU | 451 ( 9.9%) |
| Vacant Housing Units | 161 ( 3.5%) |
| Median Home Value | $317,873 |
| Average Home Value | $358,790 |
Residential
4,505
Single Family
4,481
Multi-Family
24
Businesses
186
Date | Event | Price |
|---|---|---|
| 2025-03-31 | Listed for sale | $255,500 |
| 2023-08-15 | Sold | $235,000 |
| 2023-07-28 | Pending sale | $239,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-02 | $1274.80 | -0.51% | $146,700 | -6.02% |
| 2023-04-02 | $1281.32 | 0.71% | $156,100 | 4.34% |
| 2022-04-02 | $1272.28 | 2.74% | $149,600 | 1.98% |
Listed by: Marlana White • RE/MAX Ability Plus
Mls Name: SIRA
Mls Provider:
Mls ID: #202506831
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.
