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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 Spencer at 319 Walnut St, Spencer, IN, 47460 priced at $279,900 pairs $2,569/mo rent with $889/mo cash flow after a $1,370/mo payment. Total monthly income equals $2,569/mo, and annual cash flow comes to $10,665/yr on $92,787 invested. Return on cash invested is 31.4% in year one, and rental yield stands at 11.01% on a $279,900 basis. Equity gained on principal adds $1,806/yr, and 5% annual appreciation accumulates to $77,331 by year five. Five-year ROI measures 164.24% and total cumulative return in cash reaches $152,389. For financing, Ziffy Mortgage’s DSCR program evaluates $2,569/mo property income against a $1,370/mo payment instead of your W2s, 1099s, or Tax returns.
Townhouse
Built in 2023
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47460, Spencer, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,190 (100%) |
| Owner Occupied HU | 3,784 (72.9%) |
| Renter Occupied HU | 949 (18.3%) |
| Vacant Housing Units | 457 ( 8.8%) |
| Median Home Value | $187,057 |
| Average Home Value | $214,772 |
Residential
4,901
Single Family
4,899
Multi-Family
2
Businesses
417
Date | Event | Price |
|---|---|---|
| 2025-03-20 | Listed for sale | $279,900 |
| 2023-05-11 | Sold | $249,900 |
| 2023-04-25 | Pending sale | $249,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-20 | N/A | N/A | $135,000 | 26900.00% |
| 2023-03-20 | $12.34 | -2.91% | $500 | N/A |
| 2022-03-20 | $12.71 | -88.17% | $500 | N/A |
Listed by: Monica Guerra • eXp Realty LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509009
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.
