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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 Elwood at 2405 S A St, Elwood, IN, 46036 listed at $139,900 pairs $1,063/mo rent with a $685/mo payment to leave $223/mo cash flow. Total monthly income runs $1,063/mo, and annual cash flow reaches $2,675/yr on $46,377 cash to close. Return on cash invested measures 25.68% in year one, and rental yield registers 9.12% at a $139,900 basis. Equity gained on principal adds $903/yr, and annual property appreciation at 5% supports $38,652 by year five. Five-year ROI tracks 133.55% and total cumulative return in cash totals $61,935. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,063/mo property income relative to a $685/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1890
3,484 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46036, Elwood, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,548 (100%) |
| Owner Occupied HU | 3,484 (62.8%) |
| Renter Occupied HU | 1,409 (25.4%) |
| Vacant Housing Units | 655 (11.8%) |
| Median Home Value | $163,312 |
| Average Home Value | $204,644 |
Residential
5,172
Single Family
4,951
Multi-Family
221
Businesses
314
Date | Event | Price |
|---|---|---|
| 2025-05-24 | Listed for sale | $139,900 |
| 2024-08-02 | Sold | $32,500 |
| 2024-07-23 | Pending sale | $60,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-27 | $698.00 | 1.16% | $38,100 | 9.17% |
| 2023-05-27 | $690.00 | 6.48% | $34,900 | 1.16% |
| 2022-05-27 | $648.00 | 24.62% | $34,500 | 6.48% |
Listed by: Nicholas Hindes • Peter Khosla, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202519358
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.
