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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 Norman at 181 Norman Rd, Norman, IN, 47264 priced at $585,000 pairs $2,414/mo rent with after a $2,863/mo payment. Total monthly income equals $2,414/mo. Return on cash invested is 13.22% in year one, and rental yield stands at 4.95% on a $585,000 basis. Equity gained on principal adds $3,775/yr, and 5% annual appreciation accumulates to $161,625 by year five. Five-year ROI measures 66.68% and total cumulative return in cash reaches $128,334. For financing, Ziffy Mortgage’s DSCR program evaluates $2,414/mo property income against a $2,863/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1998
24.94 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47264, Norman, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 670 (100%) |
| Owner Occupied HU | 528 (78.8%) |
| Renter Occupied HU | 73 (10.9%) |
| Vacant Housing Units | 69 (10.3%) |
| Median Home Value | $242,073 |
| Average Home Value | $265,459 |
Residential
593
Single Family
593
Multi-Family
0
Businesses
21
Date | Event | Price |
|---|---|---|
| 2024-11-25 | Sold | $585,000 |
| 2024-11-25 | Pending sale | $699,900 |
| 2024-07-26 | Listed for sale | $699,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-02 | $30.28 | 22.20% | $2,000 | 5.26% |
| 2023-11-02 | $24.78 | 9.16% | $1,900 | 18.75% |
| 2022-11-02 | $22.70 | -1.13% | $1,600 | 14.29% |
Listed by: Christina Root • Hawkins & Root Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202427912
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.
