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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 Otterbein at 307 S Johnson St, Otterbein, IN, 47970 uses $49,725 cash to close to unlock $5,385/yr annual cash flow and $449/mo monthly cash flow. Total monthly income runs $1,349/mo, and a $734/mo payment keeps the spread at $449/mo. Purchase price stands at $150,000, and rental yield measures 10.79% with $1,349/mo rent. Return on cash invested shows 30.74% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 160.69% and total cumulative return in cash records $79,902. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,349/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1900
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47970, Otterbein, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 749 (100%) |
| Owner Occupied HU | 519 (69.3%) |
| Renter Occupied HU | 153 (20.4%) |
| Vacant Housing Units | 77 (10.3%) |
| Median Home Value | $211,735 |
| Average Home Value | $255,217 |
Residential
572
Single Family
572
Multi-Family
0
Businesses
46
Date | Event | Price |
|---|---|---|
| 2025-09-29 | Sold | $150,000 |
| 2025-09-25 | Pending sale | $149,900 |
| 2025-08-26 | Price change | $149,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-27 | $203.72 | 2.00% | $138,700 | 8.19% |
| 2023-10-27 | $199.72 | 1.99% | $128,200 | 7.64% |
| 2022-10-27 | $195.82 | 2.00% | $119,100 | 21.65% |
Listed by: Jessica L Patton • RE/MAX At The Crossing
Mls Name: IRMLS
Mls Provider:
Mls ID: #202529248
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.
