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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 Elberfeld at 165 N 5th St, Elberfeld, IN, 47613 offers a 8.83% rental yield on a $239,900 purchase with $1,766/mo rent. Total monthly income registers $1,766/mo, and a $1,174/mo payment leaves $326/mo available for distribution. Annual cash flow reaches $3,913/yr on $79,527 to close, and return on cash invested stands at 24.83% in year one. Equity gained on principal adds $1,548/yr while 5% annual appreciation supports $66,280 over five years. Portfolio math shows five-year ROI at 129.05% and total cumulative return in cash at $102,631. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,766/mo property income against a $1,174/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1948
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47613, Elberfeld, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,085 (100%) |
| Owner Occupied HU | 910 (83.9%) |
| Renter Occupied HU | 112 (10.3%) |
| Vacant Housing Units | 63 ( 5.8%) |
| Median Home Value | $314,000 |
| Average Home Value | $320,706 |
Residential
1,057
Single Family
1,057
Multi-Family
0
Businesses
59
Date | Event | Price |
|---|---|---|
| 2025-05-29 | Listed for sale | $239,900 |
| 2025-02-23 | Listing removed | N/A |
| 2024-12-03 | Price change | $195,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-30 | $160.56 | N/A | $24,100 | 173.86% |
| 2023-05-30 | $160.56 | -15.44% | $8,800 | N/A |
| 2022-05-30 | $189.88 | -6.12% | $8,800 | N/A |
Listed by: Brian Ellis • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202520079
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.
