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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 Fairmount at 220 E 950 S, Fairmount, IN, 46928 offers a 10.05% rental yield on a $179,900 purchase with $1,506/mo rent. Total monthly income registers $1,506/mo, and a $881/mo payment leaves $426/mo available for distribution. Annual cash flow reaches $5,107/yr on $59,637 to close, and return on cash invested stands at 28.47% in year one. Equity gained on principal adds $1,161/yr while 5% annual appreciation supports $49,703 over five years. Portfolio math shows five-year ROI at 148.55% and total cumulative return in cash at $88,593. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,506/mo property income against a $881/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1951
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46928, Fairmount, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,077 (100%) |
| Owner Occupied HU | 1,510 (72.7%) |
| Renter Occupied HU | 394 (19.0%) |
| Vacant Housing Units | 173 ( 8.3%) |
| Median Home Value | $142,808 |
| Average Home Value | $185,599 |
Residential
1,998
Single Family
1,960
Multi-Family
38
Businesses
120
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: Joshua M Zigler • Tarter Realty, Auction & Appraisals Co
Mls Name: RLMS
Mls ID: #10052029
