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% |
Rental property for sale in Spencer at 1783 Rattlesnake Rd, Spencer, IN, 47460 generates $2,476/mo in rent and, after a $1,089/mo payment, leaves $1,140/mo in cash flow. Total monthly income is $2,476/mo, and annual cash flow is $13,685/yr on $73,759 invested. Return on cash invested sits at 38.46% in year one, and rental yield is 13.35% on a $222,500 entry. Equity gained on principal adds $1,436/yr, while 5% annual appreciation builds toward $61,473 over five years. Five-year ROI reaches 202.12% and total cumulative return in cash sums $149,080. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,476/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
4 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 |
|---|---|---|
| 2025-10-17 | Listing removed | N/A |
| 2025-08-27 | Listed for sale | $385,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-25 | $1640.32 | 1.39% | $222,500 | 6.97% |
| 2023-10-25 | $1617.76 | -0.52% | $208,000 | 13.72% |
| 2022-10-25 | $1626.24 | 12.84% | $182,900 | 9.65% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
