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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 Goodland at 315 W Mill St, Goodland, IN, 47948 with 5% annual appreciation on a $289,000 basis while $2,038/mo rent supports operations. Total monthly income totals $2,038/mo and a $1,415/mo payment preserves $303/mo for cash returns. Annual cash flow comes to $3,632/yr on $95,804 deployed, and return on cash invested reaches 23.7% in year one. Equity gained on principal adds $1,865/yr, and five-year appreciation sums $79,845 alongside rental yield of 8.46%. Five-year ROI measures 122.94% and total cumulative return in cash totals $117,782.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $2,038/mo property income versus a $1,415/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1885
1.12 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47948, Goodland, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 578 (100%) |
| Owner Occupied HU | 385 (66.6%) |
| Renter Occupied HU | 137 (23.7%) |
| Vacant Housing Units | 56 ( 9.7%) |
| Median Home Value | $152,961 |
| Average Home Value | $175,396 |
Residential
481
Single Family
457
Multi-Family
24
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: Judy M Wirtz • Novotny, Inc.
Mls Name: NIRA
Mls ID: #807745
