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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 Cedar Grove at 305 Hillside St, Cedar Grove, IN, 47016 offers $1,404/mo rent that, after a $960/mo payment, leaves $227/mo cash flow. Total monthly income is $1,404/mo, and annual cash flow is $2,720/yr on $65,007 cash. Return on cash invested measures 24.09% in year one, and rental yield stands at 8.59% at a $196,100 entry. Equity gained on principal adds $1,265/yr while 5% annual appreciation compounds into $54,179 by year five. Five-year ROI records 125.06% and total cumulative return in cash reaches $81,295. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,404/mo property income versus a $960/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1976
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47016, Cedar Grove, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 400 (100%) |
| Owner Occupied HU | 284 (71.0%) |
| Renter Occupied HU | 72 (18.0%) |
| Vacant Housing Units | 44 (11.0%) |
| Median Home Value | $301,389 |
| Average Home Value | $348,169 |
Residential
341
Single Family
341
Multi-Family
0
Businesses
17
Date | Event | Price |
|---|---|---|
| 2025-08-11 | Listing removed | $205,000 |
| 2025-08-09 | Price change | $205,000 |
| 2025-07-25 | Listed for sale | $219,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-27 | N/A | N/A | $83,800 | 5.94% |
| 2023-10-27 | N/A | N/A | $79,100 | 10.94% |
| 2022-10-27 | $216.52 | 13.89% | $71,300 | 8.03% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
