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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 Tobinsport at 1945 Highwater Rd, Tobinsport, IN, 47520 offers a 6.16% rental yield on a $257,300 purchase with $1,321/mo rent. 77% in year one. Equity gained on principal adds $1,660/yr while 5% annual appreciation supports $71,087 over five years. Portfolio math shows five-year ROI at 85.76% and total cumulative return in cash at $73,150. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,321/mo property income against a $1,259/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
16 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47520, Cannelton, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,558 (100%) |
| Owner Occupied HU | 934 (59.9%) |
| Renter Occupied HU | 387 (24.8%) |
| Vacant Housing Units | 237 (15.2%) |
| Median Home Value | $218,750 |
| Average Home Value | $251,004 |
Residential
1,481
Single Family
1,319
Multi-Family
162
Businesses
65
Date | Event | Price |
|---|---|---|
| 2025-06-19 | Contingent | $260,000 |
| 2025-06-02 | Price change | $260,000 |
| 2025-05-14 | Price change | $280,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-27 | $114.92 | 2.01% | $109,900 | 0.73% |
| 2023-10-27 | $112.66 | -14.81% | $109,100 | 2.92% |
| 2022-10-27 | $132.24 | 22.13% | $106,000 | 10.07% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
