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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 Petersburg at 2405 N County Road 400 W, Petersburg, IN, 47567 offers a 6.28% rental yield on a $299,000 purchase with $1,566/mo rent. 14% in year one. Equity gained on principal adds $1,929/yr while 5% annual appreciation supports $82,608 over five years. Portfolio math shows five-year ROI at 87.78% and total cumulative return in cash at $87,010. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,566/mo property income against a $1,463/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1925
1.85 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47567, Petersburg, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,619 (100%) |
| Owner Occupied HU | 1,818 (69.4%) |
| Renter Occupied HU | 503 (19.2%) |
| Vacant Housing Units | 298 (11.4%) |
| Median Home Value | $175,641 |
| Average Home Value | $200,881 |
Residential
2,477
Single Family
2,441
Multi-Family
36
Businesses
223
Date | Event | Price |
|---|---|---|
| 2024-07-22 | Price change | $299,000 |
| 2024-06-14 | Listed for sale | $319,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $25.80 | -5.77% | $1,000 | N/A |
| 2022-10-15 | $27.38 | -85.15% | $1,000 | N/A |
| 2021-10-15 | $184.36 | 7.37% | $1,000 | -85.71% |
Listed by: Melody Faulk • RE/MAX Local
Mls Name: IRMLS
Mls Provider:
Mls ID: #202421762
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.
