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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 Beech Grove at 238 N 7th Ave, Beech Grove, IN, 46107 priced at $234,900 pairs $1,500/mo rent with $90/mo cash flow after a $1,150/mo payment. Total monthly income equals $1,500/mo, and annual cash flow comes to $1,076/yr on $77,869 invested. Return on cash invested is 21.29% in year one, and rental yield stands at 7.66% on a $234,900 basis. Equity gained on principal adds $1,516/yr, and 5% annual appreciation accumulates to $64,899 by year five. Five-year ROI measures 110.01% and total cumulative return in cash reaches $85,665. For financing, Ziffy Mortgage’s DSCR program evaluates $1,500/mo property income against a $1,150/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1968
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46107, Beech Grove, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,159 (100%) |
| Owner Occupied HU | 3,514 (57.1%) |
| Renter Occupied HU | 2,355 (38.2%) |
| Vacant Housing Units | 290 ( 4.7%) |
| Median Home Value | $203,816 |
| Average Home Value | $235,733 |
Residential
5,707
Single Family
4,805
Multi-Family
902
Businesses
336
Date | Event | Price |
|---|---|---|
| 2025-03-12 | Listed for sale | $234,900 |
| 2024-09-20 | Sold | $85,000 |
| 2024-09-07 | Pending sale | $89,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-13 | $509.88 | 2.00% | $125,600 | 11.05% |
| 2022-03-13 | $499.86 | 2.00% | $113,100 | 17.94% |
| 2021-03-13 | $490.06 | 2.01% | $95,900 | 9.35% |
What's Special
Access Only
Listed by: Darrin Galyean • My Agent
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22026452
Disclaimer: Based on information submitted to the MLS GRID as of 2025-03-13 07:38:35 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
