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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 Spencer at 2265 Shepard Patrick Rd, Spencer, IN, 47460 offers a 7.6% rental yield on a $250,000 purchase with $1,584/mo rent. Total monthly income registers $1,584/mo, and a $1,224/mo payment leaves $83/mo available for distribution. Annual cash flow reaches $995/yr on $82,875 to close, and return on cash invested stands at 21.11% in year one. Equity gained on principal adds $1,613/yr while 5% annual appreciation supports $69,070 over five years. Portfolio math shows five-year ROI at 109.03% and total cumulative return in cash at $90,358. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,584/mo property income against a $1,224/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
2.87 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47460, Spencer, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,190 (100%) |
| Owner Occupied HU | 3,784 (72.9%) |
| Renter Occupied HU | 949 (18.3%) |
| Vacant Housing Units | 457 ( 8.8%) |
| Median Home Value | $187,057 |
| Average Home Value | $214,772 |
Residential
4,901
Single Family
4,899
Multi-Family
2
Businesses
417
Date | Event | Price |
|---|---|---|
| 2025-08-09 | Listed for sale | $250,000 |
| 2024-05-02 | Sold | $60,000 |
| 2024-04-26 | Pending sale | $79,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-12 | $1929.60 | 7.98% | $133,400 | 5.71% |
| 2023-08-12 | $1787.06 | -3.43% | $126,200 | 15.46% |
| 2022-08-12 | $1850.48 | 5.26% | $109,300 | 8.43% |
Listed by: Ashton Franklin • F.C. Tucker Company
Mls Name: IRMLS
Mls Provider:
Mls ID: #202531542
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.
