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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 Petersburg at 2966 W State Road 56, Petersburg, IN, 47567 generates $1,598/mo in rent and, after a $759/mo payment, leaves $667/mo in cash flow. Total monthly income is $1,598/mo, and annual cash flow is $8,007/yr on $51,383 invested. Return on cash invested sits at 35.49% in year one, and rental yield is 12.37% on a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation builds toward $42,824 over five years. Five-year ROI reaches 186.26% and total cumulative return in cash sums $95,704. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,598/mo property income rather than buyer’s personal income.
Single Family
Built in 1890
0.75 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47567, Petersburg, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,619 (100%) |
| Owner Occupied HU | 1,818 (69.4%) |
| Renter Occupied HU | 503 (19.2%) |
| Vacant Housing Units | 298 (11.4%) |
| Median Home Value | $175,641 |
| Average Home Value | $200,881 |
Residential
2,477
Single Family
2,441
Multi-Family
36
Businesses
223
Date | Event | Price |
|---|---|---|
| 2025-06-13 | Sold | $155,000 |
| 2025-05-11 | Pending sale | $149,900 |
| 2025-05-09 | Listed for sale | $149,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-21 | $697.00 | -0.28% | $95,400 | 6.59% |
| 2023-10-21 | $698.96 | 17.49% | $89,500 | 2.76% |
| 2022-10-21 | $594.90 | 9.80% | $87,100 | 13.26% |
Listed by: Adam Boyd • BOYD REALTY & DEVELOPMENT LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516824
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.
