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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 Lapel at 304 W 10th St, Lapel, IN, 46051 generates $1,488/mo in rent and, after a $722/mo payment, leaves $603/mo in cash flow. Total monthly income is $1,488/mo, and annual cash flow is $7,230/yr on $48,896 invested. Return on cash invested sits at 34.7% in year one, and rental yield is 12.11% on a $147,500 entry. Equity gained on principal adds $952/yr, while 5% annual appreciation builds toward $40,752 over five years. Five-year ROI reaches 181.95% and total cumulative return in cash sums $88,969. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,488/mo property income rather than buyer’s personal income.
Single Family
Built in 1939
6,996 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46051, Lapel, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,213 (100%) |
| Owner Occupied HU | 900 (74.2%) |
| Renter Occupied HU | 233 (19.2%) |
| Vacant Housing Units | 80 ( 6.6%) |
| Median Home Value | $202,358 |
| Average Home Value | $233,233 |
Residential
840
Single Family
840
Multi-Family
0
Businesses
102
Date | Event | Price |
|---|---|---|
| 2024-12-04 | Listing removed | $212,000 |
| 2024-11-01 | Price change | $212,000 |
| 2024-09-11 | Listed for sale | $230,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $555.64 | 4.05% | $87,000 | 8.89% |
| 2023-10-24 | $534.02 | 15.27% | $79,900 | 3.63% |
| 2022-10-24 | $463.26 | -3.41% | $77,100 | 8.29% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
