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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 Bluffton at 217 Elm Grove Rd, Bluffton, IN, 46714 generates $1,889/mo in rent and, after a $1,150/mo payment, leaves $479/mo in cash flow. Total monthly income is $1,889/mo, and annual cash flow is $5,742/yr on $77,903 invested. Return on cash invested sits at 27.28% in year one, and rental yield is 9.65% on a $235,000 entry. Equity gained on principal adds $1,516/yr, while 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 142.15% and total cumulative return in cash sums $110,740. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,889/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
0.70 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46714, Bluffton, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,868 (100%) |
| Owner Occupied HU | 4,405 (64.1%) |
| Renter Occupied HU | 1,952 (28.4%) |
| Vacant Housing Units | 511 ( 7.4%) |
| Median Home Value | $192,431 |
| Average Home Value | $229,887 |
Residential
6,622
Single Family
6,327
Multi-Family
295
Businesses
576
Date | Event | Price |
|---|---|---|
| 2025-02-10 | Sold | $235,000 |
| 2025-01-12 | Pending sale | $245,000 |
| 2024-10-15 | Price change | $245,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | $1355.56 | N/A | $215,700 | -2.79% |
| 2023-11-01 | N/A | N/A | $221,900 | 56.82% |
| 2022-11-01 | N/A | N/A | $141,500 | 1.00% |
Listed by: Isaac H Stoller • Steffen Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202431924
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.
