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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 Otwell at 1827 N State Road 257, Otwell, IN, 47564 generates $1,918/mo in rent and, after a $1,444/mo payment, leaves $147/mo in cash flow. Total monthly income is $1,918/mo, and annual cash flow is $1,764/yr on $97,793 invested. Return on cash invested sits at 21.71% in year one, and rental yield is 7.8% on a $295,000 entry. Equity gained on principal adds $1,904/yr, while 5% annual appreciation builds toward $81,503 over five years. Five-year ROI reaches 112.33% and total cumulative return in cash sums $109,850. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,918/mo property income rather than buyer’s personal income.
Single Family
Built in 1960
0.55 Acres lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-06-30 | Listed for sale | $295,000 |
| 2016-10-05 | Sold | $187,000 |
| 2016-06-30 | Listed for sale | $199,700 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-01 | $2319.00 | -9.73% | $252,200 | 8.75% |
| 2023-07-01 | $2568.92 | 11.93% | $231,900 | 8.31% |
| 2022-07-01 | $2295.20 | 4.09% | $214,100 | 13.64% |
Listed by: Arlet D Jackle • RE/MAX Local
Mls Name: IRMLS
Mls Provider:
Mls ID: #202525102
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.
