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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 Spiceland at 218 E Mercer St, Spiceland, IN, 47385 at $125,000 posts ROI 27.25% with $253/mo cash flow from $1,004/mo rent. Total monthly income equals $1,004/mo, and annual cash flow records $3,042/yr on $41,438 to close. Return on cash invested measures 27.25% and rental yield reads 9.64% at the current $125,000. Equity gained on principal adds $807/yr, and 5% annual appreciation supports $34,535 by year five. Five-year ROI prints 142.03% and total cumulative return in cash totals $58,853.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,004/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1974
1.38 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47385, Spiceland, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 762 (100%) |
| Owner Occupied HU | 572 (75.1%) |
| Renter Occupied HU | 140 (18.4%) |
| Vacant Housing Units | 50 ( 6.6%) |
| Median Home Value | $212,626 |
| Average Home Value | $316,888 |
Residential
355
Single Family
355
Multi-Family
0
Businesses
40
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: Connor Jones • Mark Dietel Realty, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22067871
