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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 Michigantown at 309 E 1st St, Michigantown, IN, 46057 uses $56,024 cash to close to unlock $3,824/yr annual cash flow and $319/mo monthly cash flow. Total monthly income runs $1,333/mo, and a $827/mo payment keeps the spread at $319/mo. Purchase price stands at $169,000, and rental yield measures 9.47% with $1,333/mo rent. Return on cash invested shows 26.74% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 139.24% and total cumulative return in cash records $78,007. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,333/mo property income covering a $827/mo payment rather than investor’s personal income.
Single Family
Built in 1970
0.49 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46057, Michigantown, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 447 (100%) |
| Owner Occupied HU | 299 (66.9%) |
| Renter Occupied HU | 91 (20.4%) |
| Vacant Housing Units | 57 (12.8%) |
| Median Home Value | $247,159 |
| Average Home Value | $254,448 |
Residential
251
Single Family
251
Multi-Family
0
Businesses
33
Date | Event | Price |
|---|---|---|
| 2025-08-01 | Sold | $169,000 |
| 2025-06-20 | Pending sale | $179,900 |
| 2025-06-14 | Listed for sale | $179,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-27 | $20.48 | -92.82% | $99,100 | 70.27% |
| 2022-10-27 | $285.18 | -4.53% | $58,200 | 6.79% |
| 2021-10-27 | $298.72 | 6.56% | $54,500 | -6.03% |
Listed by: Abby Weston • Keller Williams Lafayette
Mls Name: IRMLS
Mls Provider:
Mls ID: #202522802
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.
