








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 Odon at 309 S Spring St, Odon, IN, 47562 offers a 10.15% rental yield on a $259,000 purchase with $2,190/mo rent. Total monthly income registers $2,190/mo, and a $1,268/mo payment leaves $635/mo available for distribution. Annual cash flow reaches $7,619/yr on $85,859 to close, and return on cash invested stands at 28.78% in year one. Equity gained on principal adds $1,671/yr while 5% annual appreciation supports $71,557 over five years. Portfolio math shows five-year ROI at 150.18% and total cumulative return in cash at $128,944. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,190/mo property income against a $1,268/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2023
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47562, Odon, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,799 (100%) |
| Owner Occupied HU | 1,335 (74.2%) |
| Renter Occupied HU | 354 (19.7%) |
| Vacant Housing Units | 110 ( 6.1%) |
| Median Home Value | $238,010 |
| Average Home Value | $260,268 |
Residential
1,785
Single Family
1,673
Multi-Family
112
Businesses
133
Date | Event | Price |
|---|---|---|
| 2024-10-02 | Price change | $259,000 |
| 2023-10-02 | Price change | $265,900 |
| 2023-09-26 | Listed for sale | $265,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $107.28 | -4.96% | $4,600 | N/A |
| 2022-10-15 | $112.88 | 22.70% | $4,600 | N/A |
| 2021-10-15 | $92.00 | -79.54% | $4,600 | N/A |



What's Special
Pull Down Stairs,Storage
Listed by: Barb Hays • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202438162
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.