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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 Solsberry at 2028 State Ferry Rd, Solsberry, IN, 47459 generates $1,457/mo in rent and, after a $1,140/mo payment, leaves $59/mo in cash flow. Total monthly income is $1,457/mo, and annual cash flow is $705/yr on $77,240 invested. Return on cash invested sits at 20.82% in year one, and rental yield is 7.5% on a $233,000 entry. Equity gained on principal adds $1,504/yr, while 5% annual appreciation builds toward $64,374 over five years. Five-year ROI reaches 107.49% and total cumulative return in cash sums $83,029. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,457/mo property income rather than buyer’s personal income.
Manufactured
Built in 1987
4.58 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47459, Solsberry, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,476 (100%) |
| Owner Occupied HU | 1,148 (77.8%) |
| Renter Occupied HU | 155 (10.5%) |
| Vacant Housing Units | 173 (11.7%) |
| Median Home Value | $262,500 |
| Average Home Value | $281,529 |
Residential
1,519
Single Family
1,519
Multi-Family
0
Businesses
23
Date | Event | Price |
|---|---|---|
| 2024-11-12 | Sold | $233,000 |
| 2024-09-13 | Price change | $249,900 |
| 2024-08-17 | Listed for sale | $259,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $609.56 | -5.84% | $104,900 | 3.86% |
| 2023-10-22 | $647.40 | -0.89% | $101,000 | -0.49% |
| 2022-10-22 | $653.24 | 2.77% | $101,500 | 16.40% |
Listed by: Amanda Childers • Hawkins & Root Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202431340
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.
