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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 Ferdinand at 212 E 23rd St, Ferdinand, IN, 47532 listed at $225,000 pairs $1,823/mo rent with a $1,101/mo payment to leave $473/mo cash flow. Total monthly income runs $1,823/mo, and annual cash flow reaches $5,671/yr on $74,588 cash to close. Return on cash invested measures 27.51% in year one, and rental yield registers 9.72% at a $225,000 basis. Equity gained on principal adds $1,452/yr, and annual property appreciation at 5% supports $62,163 by year five. Five-year ROI tracks 143.39% and total cumulative return in cash totals $106,953. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,823/mo property income relative to a $1,101/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1953
0.84 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47532, Ferdinand, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,914 (100%) |
| Owner Occupied HU | 1,507 (78.7%) |
| Renter Occupied HU | 300 (15.7%) |
| Vacant Housing Units | 107 ( 5.6%) |
| Median Home Value | $278,564 |
| Average Home Value | $306,931 |
Residential
1,882
Single Family
1,882
Multi-Family
0
Businesses
164
Date | Event | Price |
|---|---|---|
| 2025-02-13 | Sold | $225,000 |
| 2025-01-05 | Pending sale | $219,900 |
| 2024-11-13 | Price change | $219,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $246.72 | -2.72% | $12,400 | N/A |
| 2023-10-22 | $253.62 | -1.83% | $12,400 | N/A |
| 2022-10-22 | $258.34 | 19.50% | $12,400 | 8.77% |
Listed by: Courtnay Begle • RE/MAX REVOLUTION
Mls Name: IRMLS
Mls Provider:
Mls ID: #202426807
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.
