








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 Dyer at 214 Swan Dr UNIT 3-E, Dyer, IN, 46311 offers a 12.52% rental yield on a $230,000 purchase with $2,400/mo rent. Total monthly income registers $2,400/mo, and a $1,126/mo payment leaves $659/mo available for distribution. Annual cash flow reaches $7,909/yr on $76,245 to close, and return on cash invested stands at 30.28% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,545 over five years. Portfolio math shows five-year ROI at 160.34% and total cumulative return in cash at $122,251. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,400/mo property income against a $1,126/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Condo
Built in 1996
N/A lot
$N/A/sqft
$360 monthly HOA
Neighborhood data shown for ZIP Code: 46311, Dyer, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,550 (100%) |
| Owner Occupied HU | 8,584 (89.9%) |
| Renter Occupied HU | 622 ( 6.5%) |
| Vacant Housing Units | 344 ( 3.6%) |
| Median Home Value | $335,628 |
| Average Home Value | $375,557 |
Residential
9,212
Single Family
8,996
Multi-Family
216
Businesses
509
Date | Event | Price |
|---|---|---|
| 2025-06-09 | Sold | $230,000 |
| 2025-05-19 | Pending sale | $235,000 |
| 2025-05-13 | Listed for sale | $235,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Kristin McCoy • McColly Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #820670
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-25 04:42:55 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#185)