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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 Wadesville at 2417 Luigs Rd, Wadesville, IN, 47638 with 5% annual appreciation on a $229,625 basis while $1,571/mo rent supports operations. Total monthly income totals $1,571/mo and a $1,124/mo payment preserves $193/mo for cash returns. Annual cash flow comes to $2,310/yr on $76,121 deployed, and return on cash invested reaches 22.94% in year one. Equity gained on principal adds $1,482/yr, and five-year appreciation sums $63,441 alongside rental yield of 8.21%. Five-year ROI measures 118.91% and total cumulative return in cash totals $90,513.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,571/mo property income versus a $1,124/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1978
1.89 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47638, Wadesville, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,383 (100%) |
| Owner Occupied HU | 1,170 (84.6%) |
| Renter Occupied HU | 146 (10.6%) |
| Vacant Housing Units | 67 ( 4.8%) |
| Median Home Value | $319,667 |
| Average Home Value | $344,064 |
Residential
1,383
Single Family
1,383
Multi-Family
0
Businesses
49
Date | Event | Price |
|---|---|---|
| 2025-07-02 | Sold | $229,625 |
| 2025-06-04 | Pending sale | $220,000 |
| 2025-05-21 | Price change | $220,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-23 | $556.00 | 2.00% | $150,200 | 6.00% |
| 2023-10-23 | $545.08 | 2.00% | $141,700 | 7.51% |
| 2022-10-23 | $534.40 | -28.33% | $131,800 | 15.41% |
Listed by: Stephanie Crawford • Key Associates Signature Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202433710
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.
