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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 Lapel at 3110 Montgomery Blvd, Lapel, IN, 46051 offers $2,005/mo rent that, after a $2,203/mo payment. Total monthly income is $2,005/mo. Return on cash invested measures 14.3% in year one, and rental yield stands at 5.35% at a $450,000 entry. Equity gained on principal adds $2,904/yr while 5% annual appreciation compounds into $124,327 by year five. Five-year ROI records 72.56% and total cumulative return in cash reaches $108,246. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,005/mo property income versus a $2,203/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46051, Lapel, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,213 (100%) |
| Owner Occupied HU | 900 (74.2%) |
| Renter Occupied HU | 233 (19.2%) |
| Vacant Housing Units | 80 ( 6.6%) |
| Median Home Value | $202,358 |
| Average Home Value | $233,233 |
Residential
840
Single Family
840
Multi-Family
0
Businesses
102
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Allyson Gallagher • Keller Williams Indpls Metro N
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22048486
