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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 Griffin at 212 S Main St, Griffin, IN, 47616 priced at $130,000 converts $1,030/mo rent into $250/mo cash flow after a $636/mo obligation. Total monthly income equals $1,030/mo, and annual cash flow totals $2,999/yr on $43,095 invested. Return on cash invested prints 26.87% in year one, and rental yield reads 9.51% against a $130,000 entry. Equity gained on principal adds $839/yr, while 5% annual appreciation compiles into $35,917 by year five. Five-year ROI reaches 139.9% and total cumulative return in cash sums $60,291. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,030/mo property income covering a $636/mo payment, not borrower’s personal income.
Single Family
Built in 1925
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47616, Griffin, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 133 (100%) |
| Owner Occupied HU | 103 (77.4%) |
| Renter Occupied HU | 14 (10.5%) |
| Vacant Housing Units | 16 (12.0%) |
| Median Home Value | $149,265 |
| Average Home Value | $451,553 |
Residential
95
Single Family
94
Multi-Family
1
Businesses
10
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: Anne M Walker • KELLER WILLIAMS CAPITAL REALTY
Mls Name: IRMLS
Mls ID: #202539089
