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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% |
Rental property for sale in Clinton at 2908 W State Road 163, Clinton, IN, 47842 generates $1,285/mo in rent and, after a $783/mo payment, leaves $325/mo in cash flow. Total monthly income is $1,285/mo, and annual cash flow is $3,897/yr on $53,007 invested. Return on cash invested sits at 27.26% in year one, and rental yield is 9.64% on a $159,900 entry. Equity gained on principal adds $1,032/yr, while 5% annual appreciation builds toward $44,177 over five years. Five-year ROI reaches 142.07% and total cumulative return in cash sums $75,306. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,285/mo property income rather than buyer’s personal income.
Single Family
Built in 1909
1.58 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47842, Clinton, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,693 (100%) |
| Owner Occupied HU | 3,055 (65.1%) |
| Renter Occupied HU | 1,185 (25.3%) |
| Vacant Housing Units | 453 ( 9.7%) |
| Median Home Value | $118,074 |
| Average Home Value | $145,853 |
Residential
4,235
Single Family
4,065
Multi-Family
170
Businesses
254
Date | Event | Price |
|---|---|---|
| 2025-06-30 | Listed for sale | $159,900 |
| 2013-12-18 | Sold | $59,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-01 | $439.04 | 13.34% | $76,000 | 9.35% |
| 2023-07-01 | $387.36 | 9.50% | $69,500 | -0.86% |
| 2022-07-01 | $353.76 | 4.72% | $70,100 | 10.74% |
Listed by: Carrie Mace Woodard • REMAX R.E.A.
Mls Name: THAAR
Mls Provider:
Mls ID: #106788
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Terre Haute Area Association of Realtors. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Copyright 2025 Terre Haute Area Association of Realtors. All Rights Reserved. Last Updated: 2025-07-01 07:26:34 PDT
