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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% |
Investment property for sale in Decatur at 240 Stratton Way, Decatur, IN, 46733 offers a 9.05% rental yield on a $154,900 purchase with $1,168/mo rent. Total monthly income registers $1,168/mo, and a $758/mo payment leaves $228/mo available for distribution. Annual cash flow reaches $2,740/yr on $51,349 to close, and return on cash invested stands at 25.24% in year one. Equity gained on principal adds $1,000/yr while 5% annual appreciation supports $42,796 over five years. Portfolio math shows five-year ROI at 131.35% and total cumulative return in cash at $67,448. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,168/mo property income against a $758/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
8,712 sqft lot
$N/A/sqft
$10 monthly HOA
Neighborhood data shown for ZIP Code: 46733, Decatur, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 8,091 (100%) |
| Owner Occupied HU | 5,906 (73.0%) |
| Renter Occupied HU | 1,700 (21.0%) |
| Vacant Housing Units | 485 ( 6.0%) |
| Median Home Value | $216,630 |
| Average Home Value | $273,796 |
Residential
7,603
Single Family
7,462
Multi-Family
141
Businesses
584
Date | Event | Price |
|---|---|---|
| 2025-07-15 | Listed for sale | $154,900 |
| 2010-04-01 | Sold | $64,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-16 | $729.92 | 21.51% | $98,700 | 8.58% |
| 2023-07-16 | $600.72 | 15.01% | $90,900 | 4.97% |
| 2022-07-16 | $522.32 | 10.39% | $86,600 | 7.58% |
Listed by: Bradley Logan • 1st Class Hoosier Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202527418
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.
