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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 Patoka at 302 W 3rd St, Patoka, IN, 47666 priced at $145,000 pairs $1,129/mo rent with $258/mo cash flow after a $710/mo payment. Total monthly income equals $1,129/mo, and annual cash flow comes to $3,099/yr on $48,068 invested. Return on cash invested is 26.36% in year one, and rental yield stands at 9.34% on a $145,000 basis. Equity gained on principal adds $936/yr, and 5% annual appreciation accumulates to $40,061 by year five. Five-year ROI measures 137.27% and total cumulative return in cash reaches $65,984. For financing, Ziffy Mortgage’s DSCR program evaluates $1,129/mo property income against a $710/mo payment instead of your W2s, 1099s, or Tax returns.
Manufactured
Built in 1980
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47666, Patoka, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 700 (100%) |
| Owner Occupied HU | 540 (77.1%) |
| Renter Occupied HU | 59 ( 8.4%) |
| Vacant Housing Units | 101 (14.4%) |
| Median Home Value | $225,385 |
| Average Home Value | $268,352 |
Residential
515
Single Family
515
Multi-Family
0
Businesses
24
Date | Event | Price |
|---|---|---|
| 2025-03-21 | Listed for sale | $145,000 |
| 2024-09-16 | Sold | $135,000 |
| 2024-06-09 | Price change | $139,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-25 | N/A | N/A | $59,100 | 3.50% |
| 2022-03-25 | $126.78 | -43.02% | $57,100 | 93.56% |
| 2021-03-25 | $222.48 | 10.14% | $29,500 | -4.84% |
Listed by: Trae Dauby • Dauby Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509373
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.
