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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 Santa Claus at 312 S Melchoir Dr W, Santa Claus, IN, 47579 priced at $299,000 converts $2,318/mo rent into $481/mo cash flow after a $1,463/mo obligation. Total monthly income equals $2,318/mo, and annual cash flow totals $5,768/yr on $99,119 invested. Return on cash invested prints 25.73% in year one, and rental yield reads 9.3% against a $299,000 entry. Equity gained on principal adds $1,929/yr, while 5% annual appreciation compiles into $82,608 by year five. Five-year ROI reaches 134% and total cumulative return in cash sums $132,814. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,318/mo property income covering a $1,463/mo payment, not borrower’s personal income.
Single Family
Built in 1993
0.28 Acres lot
$N/A/sqft
$515 annually HOA
Neighborhood data shown for ZIP Code: 47579, Santa Claus, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,237 (100%) |
| Owner Occupied HU | 1,022 (82.6%) |
| Renter Occupied HU | 105 ( 8.5%) |
| Vacant Housing Units | 110 ( 8.9%) |
| Median Home Value | $257,373 |
| Average Home Value | $291,761 |
Residential
1,048
Single Family
1,048
Multi-Family
0
Businesses
86
Date | Event | Price |
|---|---|---|
| 2025-08-06 | Listed for sale | $299,000 |
| 2025-04-11 | Sold | $216,000 |
| 2025-03-17 | Pending sale | $225,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-07 | $1373.96 | 24.07% | $198,300 | 13.51% |
| 2023-08-07 | $1107.38 | 20.17% | $174,700 | 9.67% |
| 2022-08-07 | $921.54 | -6.83% | $159,300 | 24.16% |
Listed by: Trae Dauby • Dauby Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202530996
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.
