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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 Otterbein at 209 E 6th St, Otterbein, IN, 47970 generates $1,033/mo in rent and, after a $636/mo payment, leaves $253/mo in cash flow. Total monthly income is $1,033/mo, and annual cash flow is $3,036/yr on $43,062 invested. Return on cash invested sits at 26.96% in year one, and rental yield is 9.54% on a $129,900 entry. Equity gained on principal adds $838/yr, while 5% annual appreciation builds toward $35,889 over five years. Five-year ROI reaches 140.52% and total cumulative return in cash sums $60,511. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,033/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47970, Otterbein, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 749 (100%) |
| Owner Occupied HU | 519 (69.3%) |
| Renter Occupied HU | 153 (20.4%) |
| Vacant Housing Units | 77 (10.3%) |
| Median Home Value | $211,735 |
| Average Home Value | $255,217 |
Residential
572
Single Family
572
Multi-Family
0
Businesses
46
Date | Event | Price |
|---|---|---|
| 2025-03-25 | Listed for sale | $129,900 |
| 2024-12-18 | Sold | $28,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-27 | $567.04 | 10.85% | $105,600 | 20.96% |
| 2022-03-27 | $511.56 | 15.98% | $87,300 | 4.80% |
| 2021-03-27 | $441.08 | 9.86% | $83,300 | N/A |
Listed by: Amy C Hockema • Keller Williams Lafayette
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509784
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.
