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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 Ossian at 228 Ironwood Ln, Ossian, IN, 46777 priced at $319,958 pairs $2,444/mo rent with $523/mo cash flow after a $1,566/mo payment. Total monthly income equals $2,444/mo, and annual cash flow comes to $6,281/yr on $106,066 invested. Return on cash invested is 25.83% in year one, and rental yield stands at 9.17% on a $319,958 basis. Equity gained on principal adds $2,065/yr, and 5% annual appreciation accumulates to $88,399 by year five. Five-year ROI measures 134.39% and total cumulative return in cash reaches $142,538. For financing, Ziffy Mortgage’s DSCR program evaluates $2,444/mo property income against a $1,566/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2024
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46777, Ossian, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,731 (100%) |
| Owner Occupied HU | 2,141 (78.4%) |
| Renter Occupied HU | 428 (15.7%) |
| Vacant Housing Units | 162 ( 5.9%) |
| Median Home Value | $227,960 |
| Average Home Value | $267,226 |
Residential
2,606
Single Family
2,547
Multi-Family
59
Businesses
128
Date | Event | Price |
|---|---|---|
| 2025-04-29 | Sold | $319,958 |
| 2025-04-03 | Pending sale | $319,958 |
| 2024-08-15 | Listed for sale | $319,958 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | $15.14 | -4.30% | $1,000 | N/A |
| 2023-11-01 | $15.82 | 1.15% | $1,000 | N/A |
| 2022-11-01 | $15.64 | 42.18% | $1,000 | N/A |
What's Special
Pull Down Stairs
Listed by: Lacey Caffee • Ideal REALTORS
Mls Name: IRMLS
Mls Provider:
Mls ID: #202430973
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.
