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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 Austin at 2318 N Lakeview Drive, Austin, IN, 47102 generates $1,723/mo in rent and, after a $1,175/mo payment, leaves $244/mo in cash flow. Total monthly income is $1,723/mo, and annual cash flow is $2,926/yr on $79,560 invested. Return on cash invested sits at 23.59% in year one, and rental yield is 8.62% on a $240,000 entry. Equity gained on principal adds $1,549/yr, while 5% annual appreciation builds toward $66,308 over five years. Five-year ROI reaches 122.52% and total cumulative return in cash sums $97,478. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,723/mo property income rather than buyer’s personal income.
Single Family
Built in 1974
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47102, Austin, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,141 (100%) |
| Owner Occupied HU | 1,881 (59.9%) |
| Renter Occupied HU | 992 (31.6%) |
| Vacant Housing Units | 268 ( 8.5%) |
| Median Home Value | $160,398 |
| Average Home Value | $189,765 |
Residential
2,824
Single Family
2,824
Multi-Family
0
Businesses
121
Date | Event | Price |
|---|---|---|
| 2025-08-06 | Sold | $240,000 |
| 2025-07-07 | Pending sale | $249,900 |
| 2025-06-29 | Price change | $249,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-27 | $2450.80 | 17.61% | $95,200 | 1.38% |
| 2023-10-27 | $2083.78 | 15.77% | $93,900 | -0.53% |
| 2022-10-27 | $1799.96 | 4.29% | $94,400 | 8.63% |
Listed by: Debbie Curtis • Mainstreet REALTORS
Mls Name: SIRA
Mls Provider:
Mls ID: #202508758
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.
