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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 Bedford at 2823 Hillside Dr, Bedford, IN, 47421 listed at $239,900 pairs $1,752/mo rent with a $1,174/mo payment to leave $312/mo cash flow. Total monthly income runs $1,752/mo, and annual cash flow reaches $3,745/yr on $79,527 cash to close. Return on cash invested measures 24.62% in year one, and rental yield registers 8.76% at a $239,900 basis. Equity gained on principal adds $1,548/yr, and annual property appreciation at 5% supports $66,280 by year five. Five-year ROI tracks 127.89% and total cumulative return in cash totals $101,707. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,752/mo property income relative to a $1,174/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47421, Bedford, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,866 (100%) |
| Owner Occupied HU | 8,906 (69.2%) |
| Renter Occupied HU | 2,874 (22.3%) |
| Vacant Housing Units | 1,086 ( 8.4%) |
| Median Home Value | $213,813 |
| Average Home Value | $236,330 |
Residential
12,447
Single Family
12,103
Multi-Family
344
Businesses
999
Date | Event | Price |
|---|---|---|
| 2025-05-09 | Listed for sale | $239,900 |
| 2023-10-06 | Sold | $210,000 |
| 2023-09-15 | Pending sale | $219,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-10 | $1363.00 | 34.95% | $178,900 | 31.25% |
| 2023-05-10 | $1010.00 | 16.50% | $136,300 | 34.95% |
| 2022-05-10 | $866.94 | 15.75% | $101,000 | 12.47% |
Listed by: Karen A Goodwine • Williams Carpenter Realtors
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516772
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.
