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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 Pendleton at 1861 W Raccoon Way, Pendleton, IN, 46064 offers $2,839/mo rent that, after a $3,167/mo payment. Total monthly income is $2,839/mo. Return on cash invested measures 13.9% in year one, and rental yield stands at 5.27% at a $647,000 entry. Equity gained on principal adds $4,175/yr while 5% annual appreciation compounds into $178,754 by year five. Five-year ROI records 70.45% and total cumulative return in cash reaches $149,960. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,839/mo property income versus a $3,167/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
0.64 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46064, Pendleton, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,339 (100%) |
| Owner Occupied HU | 5,147 (81.2%) |
| Renter Occupied HU | 879 (13.9%) |
| Vacant Housing Units | 313 ( 4.9%) |
| Median Home Value | $283,028 |
| Average Home Value | $322,206 |
Residential
6,945
Single Family
6,893
Multi-Family
52
Businesses
417
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-25 | $5940.00 | 2.89% | $648,900 | 9.43% |
| 2023-10-25 | $5773.00 | 8.84% | $593,000 | 2.58% |
| 2022-10-25 | $5304.00 | 5.13% | $578,100 | 8.83% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
