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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 Selma at 1800 S Pittenger Rd, Selma, IN, 47383 with 5% annual appreciation on a $236,000 basis while $1,169/mo rent supports operations. 11% in year one. Equity gained on principal adds $1,523/yr, and five-year appreciation sums $65,202 alongside rental yield of 5.94%. Five-year ROI measures 82.25% and total cumulative return in cash totals $64,350. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,169/mo property income versus a $1,155/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Manufactured
Built in 1986
6.75 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47383, Selma, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,127 (100%) |
| Owner Occupied HU | 911 (80.8%) |
| Renter Occupied HU | 143 (12.7%) |
| Vacant Housing Units | 73 ( 6.5%) |
| Median Home Value | $218,720 |
| Average Home Value | $239,391 |
Residential
1,014
Single Family
1,014
Multi-Family
0
Businesses
40
Date | Event | Price |
|---|---|---|
| 2025-02-10 | Sold | $236,000 |
| 2024-12-30 | Pending sale | $249,900 |
| 2024-12-19 | Listed for sale | $249,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $801.20 | -2.39% | $109,600 | 1.11% |
| 2023-10-22 | $820.84 | 5.10% | $108,400 | 1.03% |
| 2022-10-22 | $780.98 | -10.57% | $107,300 | 14.39% |
Listed by: Ryan Orr • RE/MAX Real Estate Groups
Mls Name: IRMLS
Mls Provider:
Mls ID: #202438582
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.
