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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 Topeka at 306 S Main St, Topeka, IN, 46571 uses $75,582 cash to close to unlock $4,396/yr annual cash flow and $366/mo monthly cash flow. Total monthly income runs $1,735/mo, and a $1,116/mo payment keeps the spread at $366/mo. Purchase price stands at $228,000, and rental yield measures 9.13% with $1,735/mo rent. Return on cash invested shows 25.72% in year one, and 5% annual appreciation builds toward $62,992 over five years. Five-year ROI reaches 133.85% and total cumulative return in cash records $101,163. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,735/mo property income covering a $1,116/mo payment rather than investor’s personal income.
Single Family
Built in 1921
5,749 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46571, Topeka, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,757 (100%) |
| Owner Occupied HU | 1,392 (79.2%) |
| Renter Occupied HU | 291 (16.6%) |
| Vacant Housing Units | 74 ( 4.2%) |
| Median Home Value | $467,302 |
| Average Home Value | $538,953 |
Residential
1,408
Single Family
1,408
Multi-Family
0
Businesses
163
Date | Event | Price |
|---|---|---|
| 2025-08-14 | Sold | $228,000 |
| 2025-06-26 | Price change | $224,900 |
| 2025-06-03 | Price change | $229,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-14 | $1368.72 | 3.98% | $163,300 | 2.70% |
| 2023-10-14 | $1316.36 | -55.47% | $159,000 | 10.96% |
| 2022-10-14 | $2956.44 | 217.37% | $143,300 | 10.83% |
Listed by: Michael J Patka • Grogg Martin Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516121
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.
