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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 Ossian at 302 Melching Ct, Ossian, IN, 46777 generates $1,718/mo in rent and, after a $974/mo payment, leaves $429/mo in cash flow. Total monthly income is $1,718/mo, and annual cash flow is $5,149/yr on $65,969 invested. Return on cash invested sits at 27.71% in year one, and rental yield is 10.36% on a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 145.13% and total cumulative return in cash sums $95,742. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,718/mo property income rather than buyer’s personal income.
Single Family
Built in 1976
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46777, Ossian, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,731 (100%) |
| Owner Occupied HU | 2,141 (78.4%) |
| Renter Occupied HU | 428 (15.7%) |
| Vacant Housing Units | 162 ( 5.9%) |
| Median Home Value | $227,960 |
| Average Home Value | $267,226 |
Residential
2,606
Single Family
2,547
Multi-Family
59
Businesses
128
Date | Event | Price |
|---|---|---|
| 2025-04-30 | Listed for sale | $199,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-01 | $2783.80 | 18.50% | $189,800 | 3.21% |
| 2023-05-01 | $2349.16 | 23.56% | $183,900 | 16.03% |
| 2022-05-01 | $1901.28 | 7.18% | $158,500 | 18.20% |
Listed by: Joni Donaghy-Myers • Coldwell Banker Holloway
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515222
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.
