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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 Rensselaer at 220 E Maple St, Rensselaer, IN, 47978 uses $38,123 cash to close to unlock $2,262/yr annual cash flow and $189/mo monthly cash flow. Total monthly income runs $879/mo, and a $563/mo payment keeps the spread at $189/mo. Purchase price stands at $115,000, and rental yield measures 9.17% with $879/mo rent. Return on cash invested shows 25.84% in year one, and 5% annual appreciation builds toward $31,772 over five years. Five-year ROI reaches 134.53% and total cumulative return in cash records $51,285. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $879/mo property income covering a $563/mo payment rather than investor’s personal income.
Single Family
Built in 1940
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47978, Rensselaer, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,710 (100%) |
| Owner Occupied HU | 3,173 (67.4%) |
| Renter Occupied HU | 1,190 (25.3%) |
| Vacant Housing Units | 347 ( 7.4%) |
| Median Home Value | $207,764 |
| Average Home Value | $254,811 |
Residential
4,454
Single Family
4,324
Multi-Family
130
Businesses
430
Date | Event | Price |
|---|---|---|
| 2025-09-19 | Listed for sale | $115,000 |
| 2025-09-15 | Listing removed | $99,000 |
| 2025-09-08 | Listed for sale | $99,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-22 | $195.52 | 81.58% | $71,900 | 7.80% |
| 2023-09-22 | $107.68 | -29.69% | $66,700 | 52.28% |
| 2022-09-22 | $153.14 | 5.22% | $43,800 | 3.79% |
Listed by: Katia Fedor • @properties/Christie's Intl RE
Mls Name: NIRA
Mls Provider:
Mls ID: #828008
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. 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.
