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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 Summittville at 305 N 7th St, Summittville, IN, 46070 generates $846/mo in rent and, after a $538/mo payment, leaves $186/mo in cash flow. Total monthly income is $846/mo, and annual cash flow is $2,233/yr on $36,465 invested. Return on cash invested sits at 26.03% in year one, and rental yield is 9.23% on a $110,000 entry. Equity gained on principal adds $710/yr, while 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 135.58% and total cumulative return in cash sums $49,440. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $846/mo property income rather than buyer’s personal income.
Single Family
Built in 1939
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46070, Summitville, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 985 (100%) |
| Owner Occupied HU | 764 (77.6%) |
| Renter Occupied HU | 147 (14.9%) |
| Vacant Housing Units | 74 ( 7.5%) |
| Median Home Value | $195,982 |
| Average Home Value | $197,592 |
Residential
722
Single Family
722
Multi-Family
0
Businesses
24
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Danielle Austin • Austin Realty
Mls Name: IRMLS
Mls ID: #202545387
