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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 Michigantown at 203 E 3rd St, Michigantown, IN, 46057 listed at $140,000 pairs $1,279/mo rent with a $685/mo payment to leave $439/mo cash flow. Total monthly income runs $1,279/mo, and annual cash flow reaches $5,266/yr on $46,410 cash to close. Return on cash invested measures 31.26% in year one, and rental yield registers 10.96% at a $140,000 basis. Equity gained on principal adds $903/yr, and annual property appreciation at 5% supports $38,679 by year five. Five-year ROI tracks 163.46% and total cumulative return in cash totals $75,862. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,279/mo property income relative to a $685/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1890
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46057, Michigantown, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 447 (100%) |
| Owner Occupied HU | 299 (66.9%) |
| Renter Occupied HU | 91 (20.4%) |
| Vacant Housing Units | 57 (12.8%) |
| Median Home Value | $247,159 |
| Average Home Value | $254,448 |
Residential
251
Single Family
251
Multi-Family
0
Businesses
33
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Tiffany Mocanu • Tom Hayes Realty
Mls Name: IRMLS
Mls ID: #202539055
