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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 Gas City at 308 E South H St, Gas City, IN, 46933 uses $36,465 cash to close to unlock $11,533/yr annual cash flow and $961/mo monthly cash flow. Total monthly income runs $1,621/mo, and a $538/mo payment keeps the spread at $961/mo. Purchase price stands at $110,000, and rental yield measures 17.68% with $1,621/mo rent. Return on cash invested shows 51.54% in year one, and 5% annual appreciation builds toward $30,391 over five years. Five-year ROI reaches 272.31% and total cumulative return in cash records $99,300. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,621/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1960
8,929 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46933, Gas City, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,947 (100%) |
| Owner Occupied HU | 1,943 (65.9%) |
| Renter Occupied HU | 776 (26.3%) |
| Vacant Housing Units | 228 ( 7.7%) |
| Median Home Value | $124,795 |
| Average Home Value | $191,109 |
Residential
2,829
Single Family
2,760
Multi-Family
69
Businesses
247
Date | Event | Price |
|---|---|---|
| 2024-12-06 | Sold | $110,000 |
| 2024-11-30 | Pending sale | $114,900 |
| 2024-10-23 | Price change | $114,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-02 | $418.68 | 22.48% | $57,900 | -20.79% |
| 2023-11-02 | $341.84 | -69.80% | $73,100 | 15.12% |
| 2022-11-02 | $1132.00 | 2.72% | $63,500 | 12.19% |
Listed by: Connie Zirkle • Moving Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202439680
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.
