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 Otwell at 1641 N County Road 950 E, Otwell, IN, 47564 offers a 16.92% rental yield on a $125,000 purchase with $1,762/mo rent. Total monthly income registers $1,762/mo, and a $612/mo payment leaves $1,011/mo available for distribution. Annual cash flow reaches $12,138/yr on $41,438 to close, and return on cash invested stands at 49.2% in year one. Equity gained on principal adds $807/yr while 5% annual appreciation supports $34,535 over five years. Portfolio math shows five-year ROI at 259.75% and total cumulative return in cash at $107,633. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,762/mo property income against a $612/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2007
3.44 Acres lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-10-14 | Sold | $125,000 |
| 2025-09-20 | Pending sale | $130,000 |
| 2025-09-19 | Listed for sale | $130,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | N/A | N/A | $116,400 | 5.91% |
| 2023-10-24 | $17.12 | N/A | $109,900 | 6.08% |
| 2022-10-24 | N/A | N/A | $103,600 | 10.80% |
Listed by: Brenda S Welsh • SELL4FREE-WELSH REALTY CORPORATION
Mls Name: IRMLS
Mls Provider:
Mls ID: #202538078
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.
