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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 Boonville at 1737 Arrowhead Dr, Boonville, IN, 47601 with 5% annual appreciation on a $300,000 basis while $2,132/mo rent supports operations. Total monthly income totals $2,132/mo and a $1,468/mo payment preserves $332/mo for cash returns. Annual cash flow comes to $3,978/yr on $99,450 deployed, and return on cash invested reaches 23.91% in year one. Equity gained on principal adds $1,936/yr, and five-year appreciation sums $82,884 alongside rental yield of 8.53%. Five-year ROI measures 124.08% and total cumulative return in cash totals $123,396.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,132/mo property income versus a $1,468/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1979
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47601, Boonville, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,063 (100%) |
| Owner Occupied HU | 4,644 (76.6%) |
| Renter Occupied HU | 1,004 (16.6%) |
| Vacant Housing Units | 415 ( 6.8%) |
| Median Home Value | $231,570 |
| Average Home Value | $282,098 |
Residential
5,853
Single Family
5,666
Multi-Family
187
Businesses
417
Date | Event | Price |
|---|---|---|
| 2025-07-25 | Sold | $300,000 |
| 2025-06-28 | Pending sale | $300,000 |
| 2025-06-25 | Listed for sale | $300,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-20 | $2415.00 | 5.97% | $244,100 | 2.87% |
| 2023-10-20 | $2279.00 | 25.01% | $237,300 | 3.22% |
| 2022-10-20 | $1823.00 | 8.51% | $229,900 | 25.01% |
Listed by: David Batts • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516635
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.
