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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 Memphis at 2415 Johnson Pass, Memphis, IN, 47143 uses $92,787 cash to close to unlock $9,659/yr annual cash flow and $805/mo monthly cash flow. Total monthly income runs $2,506/mo, and a $1,370/mo payment keeps the spread at $805/mo. Purchase price stands at $279,900, and rental yield measures 10.74% with $2,506/mo rent. Return on cash invested shows 30.32% in year one, and 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 158.51% and total cumulative return in cash records $147,073. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,506/mo property income covering a $1,370/mo payment rather than investor’s personal income.
Single Family
Built in 2024
9,583 sqft lot
$N/A/sqft
$250 annually HOA
Neighborhood data shown for ZIP Code: 47143, Memphis, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,619 (100%) |
| Owner Occupied HU | 1,408 (87.0%) |
| Renter Occupied HU | 171 (10.6%) |
| Vacant Housing Units | 40 ( 2.5%) |
| Median Home Value | $266,563 |
| Average Home Value | $290,305 |
Residential
1,476
Single Family
1,476
Multi-Family
0
Businesses
41
Date | Event | Price |
|---|---|---|
| 2025-03-07 | Sold | $279,900 |
| 2025-02-03 | Pending sale | $279,900 |
| 2025-01-02 | Price change | $279,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | N/A | N/A | $300 | N/A |
Listed by: Stephannie Wilson • Schuler Bauer Real Estate Services ERA Powered (N
Mls Name: SIRA
Mls Provider:
Mls ID: #202406931
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.
