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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 Palmyra at 194 Hartman Ct NE, Palmyra, IN, 47164 priced at $273,300 pairs $1,926/mo rent with $285/mo cash flow after a $1,338/mo payment. Total monthly income equals $1,926/mo, and annual cash flow comes to $3,421/yr on $90,599 invested. Return on cash invested is 23.69% in year one, and rental yield stands at 8.46% on a $273,300 basis. Equity gained on principal adds $1,764/yr, and 5% annual appreciation accumulates to $75,508 by year five. Five-year ROI measures 122.88% and total cumulative return in cash reaches $111,329. For financing, Ziffy Mortgage’s DSCR program evaluates $1,926/mo property income against a $1,338/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2017
5.13 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47164, Palmyra, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,602 (100%) |
| Owner Occupied HU | 1,200 (74.9%) |
| Renter Occupied HU | 292 (18.2%) |
| Vacant Housing Units | 110 ( 6.9%) |
| Median Home Value | $230,747 |
| Average Home Value | $244,842 |
Residential
1,490
Single Family
1,490
Multi-Family
0
Businesses
69
Date | Event | Price |
|---|---|---|
| 2025-05-01 | Listing removed | $330,000 |
| 2025-04-08 | Price change | $330,000 |
| 2024-10-14 | Price change | $350,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $1602.24 | 27.00% | $273,300 | 8.24% |
| 2023-10-24 | $1261.58 | 22.04% | $252,500 | 27.85% |
| 2022-10-24 | $1033.72 | 12.00% | $197,500 | 17.35% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
