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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% |
Investment property for sale in Oaktown at 314 N Locust St, Oaktown, IN, 47561 with 5% annual appreciation on a $169,900 basis while $1,524/mo rent supports operations. Total monthly income totals $1,524/mo and a $832/mo payment preserves $504/mo for cash returns. Annual cash flow comes to $6,044/yr on $56,322 deployed, and return on cash invested reaches 30.64% in year one. Equity gained on principal adds $1,096/yr, and five-year appreciation sums $46,940 alongside rental yield of 10.76%. Five-year ROI measures 160.18% and total cumulative return in cash totals $90,218.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,524/mo property income versus a $832/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1930
8,929 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47561, Oaktown, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 680 (100%) |
| Owner Occupied HU | 430 (63.2%) |
| Renter Occupied HU | 103 (15.1%) |
| Vacant Housing Units | 147 (21.6%) |
| Median Home Value | $178,693 |
| Average Home Value | $187,640 |
Residential
451
Single Family
451
Multi-Family
0
Businesses
37
Date | Event | Price |
|---|---|---|
| 2007-09-29 | Sold | $70,000 |
| 2004-05-25 | Sold | $62,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $216.24 | 0.37% | $72,400 | 29.52% |
| 2022-10-15 | $215.44 | 0.94% | $55,900 | 2.76% |
| 2021-10-15 | $213.44 | 6.20% | $54,400 | 0.18% |
Listed by: Rebecca M Demastus • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202439554
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.
