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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 Spencer at 253 W Wayne St, Spencer, IN, 47460 listed at $200,000 pairs $1,613/mo rent with a $979/mo payment to leave $412/mo cash flow. Total monthly income runs $1,613/mo, and annual cash flow reaches $4,948/yr on $66,300 cash to close. Return on cash invested measures 27.37% in year one, and rental yield registers 9.68% at a $200,000 basis. Equity gained on principal adds $1,291/yr, and annual property appreciation at 5% supports $55,256 by year five. Five-year ROI tracks 142.65% and total cumulative return in cash totals $94,580. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,613/mo property income relative to a $979/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47460, Spencer, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,190 (100%) |
| Owner Occupied HU | 3,784 (72.9%) |
| Renter Occupied HU | 949 (18.3%) |
| Vacant Housing Units | 457 ( 8.8%) |
| Median Home Value | $187,057 |
| Average Home Value | $214,772 |
Residential
4,901
Single Family
4,899
Multi-Family
2
Businesses
417
Date | Event | Price |
|---|---|---|
| 2025-07-02 | Sold | $200,000 |
| 2025-06-08 | Pending sale | $214,900 |
| 2025-06-02 | Listed for sale | $214,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-08 | $849.16 | 24.23% | $120,900 | 14.06% |
| 2023-10-08 | $683.56 | -0.90% | $106,000 | 18.04% |
| 2022-10-08 | $689.80 | 13.66% | $89,800 | 6.02% |
Listed by: Daniel Letman • Century 21 Scheetz - Bloomington
Mls Name: IRMLS
Mls Provider:
Mls ID: #202520574
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.
