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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 Kewanna at 201 E Oak St, Kewanna, IN, 46939 priced at $184,000 converts $1,271/mo rent into $166/mo cash flow after a $901/mo obligation. Total monthly income equals $1,271/mo, and annual cash flow totals $1,993/yr on $60,996 invested. Return on cash invested prints 23.18% in year one, and rental yield reads 8.29% against a $184,000 entry. Equity gained on principal adds $1,187/yr, while 5% annual appreciation compiles into $50,836 by year five. Five-year ROI reaches 120.21% and total cumulative return in cash sums $73,321. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,271/mo property income covering a $901/mo payment, not borrower’s personal income.
Single Family
Built in 1900
8,189 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46939, Kewanna, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,001 (100%) |
| Owner Occupied HU | 690 (68.9%) |
| Renter Occupied HU | 129 (12.9%) |
| Vacant Housing Units | 182 (18.2%) |
| Median Home Value | $143,939 |
| Average Home Value | $233,004 |
Residential
732
Single Family
731
Multi-Family
1
Businesses
38
Date | Event | Price |
|---|---|---|
| 2025-07-07 | Sold | $184,000 |
| 2025-05-26 | Pending sale | $180,000 |
| 2025-05-03 | Price change | $180,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-02 | $1258.00 | 5.01% | $67,100 | 6.68% |
| 2023-11-02 | $1198.00 | 26.64% | $62,900 | 5.01% |
| 2022-11-02 | $946.00 | -3.47% | $59,900 | 26.64% |
Listed by: Dewain Davis • RE/MAX SELECT REALTY
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509675
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.
