Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 Wilkinson at 238 S Main St, Wilkinson, IN, 46186 priced at $250,000 converts $2,400/mo rent into $899/mo cash flow after a $1,224/mo obligation. Total monthly income equals $2,400/mo, and annual cash flow totals $10,787/yr on $82,875 invested. Return on cash invested prints 32.92% in year one, and rental yield reads 11.52% against a $250,000 entry. Equity gained on principal adds $1,613/yr, while 5% annual appreciation compiles into $69,070 by year five. Five-year ROI reaches 172.39% and total cumulative return in cash sums $142,870. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,400/mo property income covering a $1,224/mo payment, not borrower’s personal income.
Single Family
Built in 1900
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46186, Wilkinson, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 711 (100%) |
| Owner Occupied HU | 598 (84.1%) |
| Renter Occupied HU | 80 (11.3%) |
| Vacant Housing Units | 33 ( 4.6%) |
| Median Home Value | $276,316 |
| Average Home Value | $312,349 |
Residential
601
Single Family
601
Multi-Family
0
Businesses
16
Date | Event | Price |
|---|---|---|
| 2025-03-24 | Listed for sale | $250,000 |
| 2022-03-31 | Sold | $233,400 |
| 2022-02-28 | Pending sale | $249,977 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-26 | $1068.04 | 4.26% | $146,800 | -2.97% |
| 2023-03-26 | $1024.44 | -1.56% | $151,300 | 14.88% |
| 2022-03-26 | $1040.72 | 72.92% | $131,700 | 3.13% |
What's Special
Pull Down Stairs
Listed by: Brittany Burke • Turnkey Realty of Indiana LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22028719
Disclaimer: Based on information submitted to the MLS GRID as of 2025-03-26 08:07:46 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)
