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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 Lapel at 223 W 11th St, Lapel, IN, 46051 uses $53,040 cash to close to unlock $3,164/yr annual cash flow and $264/mo monthly cash flow. Total monthly income runs $1,224/mo, and a $783/mo payment keeps the spread at $264/mo. Purchase price stands at $160,000, and rental yield measures 9.18% with $1,224/mo rent. Return on cash invested shows 25.87% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 134.62% and total cumulative return in cash records $71,402. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,224/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1976
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46051, Lapel, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,213 (100%) |
| Owner Occupied HU | 900 (74.2%) |
| Renter Occupied HU | 233 (19.2%) |
| Vacant Housing Units | 80 ( 6.6%) |
| Median Home Value | $202,358 |
| Average Home Value | $233,233 |
Residential
840
Single Family
840
Multi-Family
0
Businesses
102
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: Amanda Robinson • BluPrint Real Estate Group
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22064962
