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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 Sunman at 24942 Ester Ridge Rd, Sunman, IN, 47041 offers a 9.61% rental yield on a $360,000 purchase with $2,884/mo rent. Total monthly income registers $2,884/mo, and a $1,762/mo payment leaves $723/mo available for distribution. Annual cash flow reaches $8,676/yr on $119,340 to close, and return on cash invested stands at 27.18% in year one. Equity gained on principal adds $2,323/yr while 5% annual appreciation supports $99,461 over five years. Portfolio math shows five-year ROI at 141.57% and total cumulative return in cash at $168,945. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,884/mo property income against a $1,762/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2002
1.58 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47041, Sunman, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,387 (100%) |
| Owner Occupied HU | 1,926 (80.7%) |
| Renter Occupied HU | 315 (13.2%) |
| Vacant Housing Units | 146 ( 6.1%) |
| Median Home Value | $280,480 |
| Average Home Value | $307,567 |
Residential
2,219
Single Family
2,191
Multi-Family
28
Businesses
95
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Steven Cromer • Cromer Realty
Mls Name: SEIBR
Mls ID: #205879
