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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 Chandler at 222 N Illinois St, Chandler, IN, 47610 priced at $149,900 converts $1,190/mo rent into $290/mo cash flow after a $734/mo obligation. Total monthly income equals $1,190/mo, and annual cash flow totals $3,478/yr on $49,692 invested. Return on cash invested prints 26.91% in year one, and rental yield reads 9.53% against a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation compiles into $41,415 by year five. Five-year ROI reaches 140.16% and total cumulative return in cash sums $69,647. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,190/mo property income covering a $734/mo payment, not borrower’s personal income.
Single Family
Built in 1951
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47610, Chandler, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,425 (100%) |
| Owner Occupied HU | 1,777 (73.3%) |
| Renter Occupied HU | 476 (19.6%) |
| Vacant Housing Units | 172 ( 7.1%) |
| Median Home Value | $208,333 |
| Average Home Value | $299,268 |
Residential
2,323
Single Family
2,323
Multi-Family
0
Businesses
123
Date | Event | Price |
|---|---|---|
| 2025-03-21 | Price change | $149,900 |
| 2024-11-13 | Listed for sale | $100,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-23 | N/A | N/A | $66,400 | 2.31% |
| 2023-03-23 | N/A | N/A | $64,900 | 17.79% |
| 2022-03-23 | N/A | N/A | $55,100 | 22.44% |
Listed by: Mitchell Berry • Key Associates Signature Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509356
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.
