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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 New Washington at 311 Kettle Bottom Road, New Washington, IN, 47162 generates $1,884/mo in rent and, after a $1,285/mo payment, leaves $308/mo in cash flow. Total monthly income is $1,884/mo, and annual cash flow is $3,697/yr on $87,018 invested. Return on cash invested sits at 24.16% in year one, and rental yield is 8.61% on a $262,499 entry. Equity gained on principal adds $1,694/yr, while 5% annual appreciation builds toward $72,524 over five years. Five-year ROI reaches 125.43% and total cumulative return in cash sums $109,150. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,884/mo property income rather than buyer’s personal income.
Single Family
Built in 1990
1.44 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47162, New Washington, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 308 (100%) |
| Owner Occupied HU | 238 (77.3%) |
| Renter Occupied HU | 57 (18.5%) |
| Vacant Housing Units | 13 ( 4.2%) |
| Median Home Value | $292,105 |
| Average Home Value | $274,916 |
Residential
368
Single Family
368
Multi-Family
0
Businesses
42
Date | Event | Price |
|---|---|---|
| 2024-11-08 | Sold | $262,499 |
| 2024-10-25 | Pending sale | $259,900 |
| 2024-10-10 | Listed for sale | $259,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $964.56 | 3.65% | $179,100 | 14.66% |
| 2023-10-24 | $930.56 | 16.16% | $156,200 | 6.48% |
| 2022-10-24 | $801.12 | -4.94% | $146,700 | 10.88% |
Listed by: Susan R Riley • RE/MAX FIRST
Mls Name: SIRA
Mls Provider:
Mls ID: #2024011513
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.
