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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 Boonville at 1877 Maple Grove Rd, Boonville, IN, 47601 listed at $225,000 pairs $2,023/mo rent with a $1,101/mo payment to leave $673/mo cash flow. Total monthly income runs $2,023/mo, and annual cash flow reaches $8,071/yr on $74,588 cash to close. Return on cash invested measures 30.73% in year one, and rental yield registers 10.79% at a $225,000 basis. Equity gained on principal adds $1,452/yr, and annual property appreciation at 5% supports $62,163 by year five. Five-year ROI tracks 160.64% and total cumulative return in cash totals $119,817. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,023/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1965
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47601, Boonville, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,063 (100%) |
| Owner Occupied HU | 4,644 (76.6%) |
| Renter Occupied HU | 1,004 (16.6%) |
| Vacant Housing Units | 415 ( 6.8%) |
| Median Home Value | $231,570 |
| Average Home Value | $282,098 |
Residential
5,853
Single Family
5,666
Multi-Family
187
Businesses
417
Date | Event | Price |
|---|---|---|
| 2025-08-29 | Listed for sale | $225,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-31 | $709.86 | 2.00% | $172,200 | -0.81% |
| 2023-08-31 | $695.94 | 2.00% | $173,600 | 18.18% |
| 2022-08-31 | $682.28 | 2.00% | $146,900 | 13.52% |
Listed by: Janice E Miller • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202534745
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.
