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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 Bluffton at 228 E Central Ave, Bluffton, IN, 46714 offers $1,211/mo rent that, after a $783/mo payment, leaves $251/mo cash flow. Total monthly income is $1,211/mo, and annual cash flow is $3,008/yr on $53,040 cash. Return on cash invested measures 25.58% in year one, and rental yield stands at 9.08% at a $160,000 entry. Equity gained on principal adds $1,032/yr while 5% annual appreciation compounds into $44,205 by year five. Five-year ROI records 133.03% and total cumulative return in cash reaches $70,562. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,211/mo property income versus a $783/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
7,492 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46714, Bluffton, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,868 (100%) |
| Owner Occupied HU | 4,405 (64.1%) |
| Renter Occupied HU | 1,952 (28.4%) |
| Vacant Housing Units | 511 ( 7.4%) |
| Median Home Value | $192,431 |
| Average Home Value | $229,887 |
Residential
6,622
Single Family
6,327
Multi-Family
295
Businesses
576
Date | Event | Price |
|---|---|---|
| 2025-07-31 | Listed for sale | $160,000 |
| 2016-06-10 | Sold | $41,500 |
| 2007-08-11 | Sold | $50,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-02 | $946.48 | 26.09% | $152,800 | 8.99% |
| 2023-08-02 | $750.66 | 18.10% | $140,200 | 14.54% |
| 2022-08-02 | $635.60 | 28.69% | $122,400 | 11.68% |
Listed by: Julie Rupp • CUPP REAL ESTATE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202530170
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.
