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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 Otterbein at 29 W Peterson St, Otterbein, IN, 47970 listed at $235,000 pairs $2,042/mo rent with a $1,150/mo payment to leave $632/mo cash flow. Total monthly income runs $2,042/mo, and annual cash flow reaches $7,578/yr on $77,903 cash to close. Return on cash invested measures 29.64% in year one, and rental yield registers 10.43% at a $235,000 basis. Equity gained on principal adds $1,516/yr, and annual property appreciation at 5% supports $64,926 by year five. Five-year ROI tracks 154.77% and total cumulative return in cash totals $120,568. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,042/mo property income relative to a $1,150/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47970, Otterbein, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 749 (100%) |
| Owner Occupied HU | 519 (69.3%) |
| Renter Occupied HU | 153 (20.4%) |
| Vacant Housing Units | 77 (10.3%) |
| Median Home Value | $211,735 |
| Average Home Value | $255,217 |
Residential
572
Single Family
572
Multi-Family
0
Businesses
46
Date | Event | Price |
|---|---|---|
| 2025-08-27 | Sold | $235,000 |
| 2025-08-01 | Pending sale | $248,800 |
| 2025-07-18 | Listed for sale | $248,800 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-21 | $923.32 | 1.97% | $194,600 | 382.88% |
| 2023-10-21 | $905.52 | -42.77% | $40,300 | 2.81% |
| 2022-10-21 | $1582.36 | 363.41% | $39,200 | -42.77% |
Listed by: JB Farrell • Farrell Property
Mls Name: IRMLS
Mls Provider:
Mls ID: #202528010
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.
