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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 Ossian at 304 Morton Ln, Ossian, IN, 46777 listed at $249,900 pairs $1,979/mo rent with a $1,223/mo payment to leave $479/mo cash flow. Total monthly income runs $1,979/mo, and annual cash flow reaches $5,748/yr on $82,842 cash to close. Return on cash invested measures 26.85% in year one, and rental yield registers 9.5% at a $249,900 basis. Equity gained on principal adds $1,613/yr, and annual property appreciation at 5% supports $69,043 by year five. Five-year ROI tracks 139.86% and total cumulative return in cash totals $115,862. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,979/mo property income relative to a $1,223/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1959
0.52 Acres 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 |
|---|---|---|
| 2025-04-11 | Listed for sale | $249,900 |
| 2016-01-01 | Listing removed | $149,000 |
| 2015-07-24 | Listed for sale | $149,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-13 | $334.60 | 2.00% | $232,800 | 17.64% |
| 2023-04-13 | $328.04 | 2.00% | $197,900 | 6.68% |
| 2022-04-13 | $321.62 | 8.33% | $185,500 | 13.39% |
What's Special
Pull Down Stairs
Listed by: Christina Giannoylis • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512293
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.
