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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% |
Rental property for sale in Oolitic at 310 2nd St, Oolitic, IN, 47451 offers $1,309/mo rent that, after a $929/mo payment, leaves $170/mo cash flow. Total monthly income is $1,309/mo, and annual cash flow is $2,034/yr on $62,952 cash. Return on cash invested measures 23.14% in year one, and rental yield stands at 8.27% at a $189,900 entry. Equity gained on principal adds $1,225/yr while 5% annual appreciation compounds into $52,466 by year five. Five-year ROI records 119.95% and total cumulative return in cash reaches $75,509. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,309/mo property income versus a $929/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
9,452 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47451, Oolitic, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 586 (100%) |
| Owner Occupied HU | 384 (65.5%) |
| Renter Occupied HU | 137 (23.4%) |
| Vacant Housing Units | 65 (11.1%) |
| Median Home Value | $165,833 |
| Average Home Value | $195,488 |
Residential
453
Single Family
453
Multi-Family
0
Businesses
35
Date | Event | Price |
|---|---|---|
| 2024-11-27 | Sold | $189,900 |
| 2024-11-27 | Pending sale | $199,900 |
| 2024-10-08 | Listed for sale | $199,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $710.00 | 8.90% | $38,600 | 8.73% |
| 2023-10-22 | $652.00 | 12.03% | $35,500 | 8.90% |
| 2022-10-22 | $582.00 | 4.30% | $32,600 | 12.03% |
Listed by: MANDY J WARD • Hawkins & Root Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202438924
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.
