Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 Spiceland at 315 E Main St, Spiceland, IN, 47385 priced at $170,000 pairs $1,423/mo rent with $403/mo cash flow after a $832/mo payment. Total monthly income equals $1,423/mo, and annual cash flow comes to $4,831/yr on $56,355 invested. Return on cash invested is 28.48% in year one, and rental yield stands at 10.04% on a $170,000 basis. Equity gained on principal adds $1,097/yr, and 5% annual appreciation accumulates to $46,968 by year five. Five-year ROI measures 148.6% and total cumulative return in cash reaches $83,745. For financing, Ziffy Mortgage’s DSCR program evaluates $1,423/mo property income against a $832/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1868
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47385, Spiceland, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 762 (100%) |
| Owner Occupied HU | 572 (75.1%) |
| Renter Occupied HU | 140 (18.4%) |
| Vacant Housing Units | 50 ( 6.6%) |
| Median Home Value | $212,626 |
| Average Home Value | $316,888 |
Residential
355
Single Family
355
Multi-Family
0
Businesses
40
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: Beth Carr • RE/MAX Integrity Real Estate
Mls Name: RLMS
Mls ID: #10052144
