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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 Spencer at 1664 Deer Haven Ct, Spencer, IN, 47460 generates $2,324/mo in rent and, after a $1,456/mo payment, leaves $538/mo in cash flow. Total monthly income is $2,324/mo, and annual cash flow is $6,459/yr on $98,621 invested. Return on cash invested sits at 26.46% in year one, and rental yield is 9.37% on a $297,500 entry. Equity gained on principal adds $1,920/yr, while 5% annual appreciation builds toward $82,194 over five years. Five-year ROI reaches 137.76% and total cumulative return in cash sums $135,859. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,324/mo property income rather than buyer’s personal income.
Single Family
Built in 2012
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47460, Spencer, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,190 (100%) |
| Owner Occupied HU | 3,784 (72.9%) |
| Renter Occupied HU | 949 (18.3%) |
| Vacant Housing Units | 457 ( 8.8%) |
| Median Home Value | $187,057 |
| Average Home Value | $214,772 |
Residential
4,901
Single Family
4,899
Multi-Family
2
Businesses
417
Date | Event | Price |
|---|---|---|
| 2025-04-09 | Listed for sale | $297,500 |
| 2019-04-05 | Sold | $185,000 |
| 2019-02-18 | Pending sale | $191,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-10 | $1517.38 | 1.05% | $230,800 | 8.56% |
| 2023-04-10 | $1501.58 | -1.02% | $212,600 | 11.84% |
| 2022-04-10 | $1517.00 | 1.25% | $190,100 | 7.95% |
Listed by: Pilar Taylor • The Indiana Team LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511912
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.
