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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 28109 Cedar Creek Dr, Sunman, IN, 47041 uses $115,992 cash to close to unlock $6,686/yr annual cash flow and $557/mo monthly cash flow. Total monthly income runs $2,658/mo, and a $1,713/mo payment keeps the spread at $557/mo. Purchase price stands at $349,900, and rental yield measures 9.12% with $2,658/mo rent. Return on cash invested shows 25.67% in year one, and 5% annual appreciation builds toward $96,671 over five years. Five-year ROI reaches 133.54% and total cumulative return in cash records $154,890. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,658/mo property income covering a $1,713/mo payment rather than investor’s personal income.
Single Family
Built in 1981
N/A 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 |
|---|---|---|
| 2025-04-21 | Listed for sale | $349,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-22 | $1009.34 | -8.65% | $124,800 | -10.28% |
| 2023-04-22 | $1104.94 | 4.88% | $139,100 | -1.77% |
| 2022-04-22 | $1053.48 | 2.25% | $141,600 | 6.07% |
Listed by: Todd Bischoff • Bischoff Realty
Mls Name: SEIBR
Mls ID: #204878
Disclaimer: Copyright Southeastern Indiana Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.
