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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 Springport at 208 W Main St, Springport, IN, 47386 with 5% annual appreciation on a $159,900 basis while $1,229/mo rent supports operations. Total monthly income totals $1,229/mo and a $783/mo payment preserves $269/mo for cash returns. Annual cash flow comes to $3,225/yr on $53,007 deployed, and return on cash invested reaches 25.99% in year one. Equity gained on principal adds $1,032/yr, and five-year appreciation sums $44,177 alongside rental yield of 9.22%. Five-year ROI measures 135.25% and total cumulative return in cash totals $71,694.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,229/mo property income versus a $783/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1904
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47386, Springport, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 527 (100%) |
| Owner Occupied HU | 450 (85.4%) |
| Renter Occupied HU | 39 ( 7.4%) |
| Vacant Housing Units | 38 ( 7.2%) |
| Median Home Value | $220,455 |
| Average Home Value | $306,517 |
Residential
441
Single Family
441
Multi-Family
0
Businesses
9
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: Mary Cordle • Berkshire Hathaway Indiana Realty
Mls Name: IRMLS
Mls ID: #202548321
