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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 Fort Branch at 308 S Eastview St, Fort Branch, IN, 47648 offers a 7.68% rental yield on a $299,900 purchase with $1,919/mo rent. Total monthly income registers $1,919/mo, and a $1,468/mo payment leaves $119/mo available for distribution. Annual cash flow reaches $1,423/yr on $99,417 to close, and return on cash invested stands at 21.34% in year one. Equity gained on principal adds $1,935/yr while 5% annual appreciation supports $82,857 over five years. Portfolio math shows five-year ROI at 110.29% and total cumulative return in cash at $109,648. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,919/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1954
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47648, Fort Branch, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,975 (100%) |
| Owner Occupied HU | 1,350 (68.4%) |
| Renter Occupied HU | 444 (22.5%) |
| Vacant Housing Units | 181 ( 9.2%) |
| Median Home Value | $212,264 |
| Average Home Value | $245,778 |
Residential
1,987
Single Family
1,941
Multi-Family
46
Businesses
106
Date | Event | Price |
|---|---|---|
| 2025-03-14 | Listed for sale | $299,900 |
| 2015-06-10 | Sold | $118,000 |
| 2007-07-10 | Sold | $117,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-17 | $1626.96 | -0.73% | $152,400 | -8.80% |
| 2022-03-17 | $1639.00 | 7.88% | $167,100 | 1.95% |
| 2021-03-17 | $1519.26 | 20.98% | $163,900 | 6.64% |
Listed by: Brian Schoonover • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508325
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.
