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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 Oolitic at 279 Lafayette Ave, Oolitic, IN, 47451 offers a 10.74% rental yield on a $175,000 purchase with $1,566/mo rent. Total monthly income registers $1,566/mo, and a $857/mo payment leaves $515/mo available for distribution. Annual cash flow reaches $6,180/yr on $58,013 to close, and return on cash invested stands at 30.56% in year one. Equity gained on principal adds $1,129/yr while 5% annual appreciation supports $48,349 over five years. Portfolio math shows five-year ROI at 159.83% and total cumulative return in cash at $92,719. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,566/mo property income against a $857/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1899
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47451, Oolitic, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 586 (100%) |
| Owner Occupied HU | 384 (65.5%) |
| Renter Occupied HU | 137 (23.4%) |
| Vacant Housing Units | 65 (11.1%) |
| Median Home Value | $165,833 |
| Average Home Value | $195,488 |
Residential
453
Single Family
453
Multi-Family
0
Businesses
35
Date | Event | Price |
|---|---|---|
| 2025-03-21 | Listed for sale | $175,000 |
| 2023-04-04 | Sold | $175,000 |
| 2023-03-16 | Listed for sale | $175,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-24 | $623.04 | -51.10% | $181,600 | 12.24% |
| 2023-03-24 | $1274.06 | 16.47% | $161,800 | 9.25% |
| 2022-03-24 | $1093.86 | 7.85% | $148,100 | 12.28% |
Listed by: Barry White • Williams Carpenter Realtors
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509211
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.
