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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 Woodburn at 22902 Woodburn Rd, Woodburn, IN, 46797 generates $1,366/mo in rent and, after a $869/mo payment, leaves $300/mo in cash flow. Total monthly income is $1,366/mo, and annual cash flow is $3,603/yr on $58,841 invested. Return on cash invested sits at 26.03% in year one, and rental yield is 9.23% on a $177,500 entry. Equity gained on principal adds $1,145/yr, while 5% annual appreciation builds toward $49,040 over five years. Five-year ROI reaches 135.52% and total cumulative return in cash sums $79,740. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,366/mo property income rather than buyer’s personal income.
Single Family
Built in 1973
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46797, Woodburn, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,519 (100%) |
| Owner Occupied HU | 1,218 (80.2%) |
| Renter Occupied HU | 222 (14.6%) |
| Vacant Housing Units | 79 ( 5.2%) |
| Median Home Value | $276,336 |
| Average Home Value | $325,562 |
Residential
1,327
Single Family
1,295
Multi-Family
32
Businesses
78
Date | Event | Price |
|---|---|---|
| 2025-06-18 | Sold | $177,500 |
| 2025-05-19 | Pending sale | $177,500 |
| 2025-05-16 | Listed for sale | $177,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-31 | $792.16 | 22.34% | $110,500 | -6.04% |
| 2023-10-31 | $647.50 | 22.92% | $117,600 | 17.01% |
| 2022-10-31 | $526.78 | 23.66% | $100,500 | 16.86% |
What's Special
Pull Down Stairs
Listed by: Lynn Rorick • Rorick Realty Inc.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518046
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.
