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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 Delphi at 2037 W South Rd, Delphi, IN, 46923 generates $1,259/mo in rent, after a $1,126/mo payment. Total monthly income is $1,259/mo. Return on cash invested sits at 17.99% in year one, and rental yield is 6.57% on a $229,995 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,543 over five years. Five-year ROI reaches 92.38% and total cumulative return in cash sums $70,433. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,259/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46923, Delphi, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,476 (100%) |
| Owner Occupied HU | 2,521 (72.5%) |
| Renter Occupied HU | 683 (19.6%) |
| Vacant Housing Units | 272 ( 7.8%) |
| Median Home Value | $171,232 |
| Average Home Value | $207,676 |
Residential
3,286
Single Family
3,248
Multi-Family
38
Businesses
307
Date | Event | Price |
|---|---|---|
| 2025-04-10 | Listed for sale | $229,995 |
| 2009-10-16 | Sold | $45,000 |
| 2009-07-11 | Price change | $49,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-11 | $287.20 | 25.41% | $98,000 | 23.12% |
| 2023-04-11 | $229.00 | 14.17% | $79,600 | 19.52% |
| 2022-04-11 | $200.58 | -2.97% | $66,600 | 22.88% |
Listed by: Joan Abbott • Joan Abbott Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512162
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.
