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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 Rising Sun at 321 2nd St, Rising Sun, IN, 47040 listed at $149,900 pairs $1,331/mo rent with a $734/mo payment to leave $393/mo cash flow. Total monthly income runs $1,331/mo, and annual cash flow reaches $4,719/yr on $49,692 cash to close. Return on cash invested measures 29.41% in year one, and rental yield registers 10.66% at a $149,900 basis. Equity gained on principal adds $967/yr, and annual property appreciation at 5% supports $41,415 by year five. Five-year ROI tracks 153.95% and total cumulative return in cash totals $76,499. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,331/mo property income relative to a $734/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1900
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47040, Rising Sun, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,432 (100%) |
| Owner Occupied HU | 1,598 (65.7%) |
| Renter Occupied HU | 576 (23.7%) |
| Vacant Housing Units | 258 (10.6%) |
| Median Home Value | $199,459 |
| Average Home Value | $255,566 |
Residential
2,305
Single Family
2,135
Multi-Family
170
Businesses
126
Date | Event | Price |
|---|---|---|
| 2025-04-04 | Listed for sale | $149,900 |
| 2020-10-14 | Sold | $70,000 |
| 2020-07-28 | Pending sale | $75,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-07 | $1696.00 | 23.35% | $93,800 | 10.61% |
| 2023-04-07 | $1374.92 | -0.88% | $84,800 | 15.53% |
| 2022-04-07 | $1387.06 | 11.06% | $73,400 | 15.41% |
Listed by: Alexis Jent • Huff Realty Indiana
Mls Name: SEIBR
Mls ID: #204767
Disclaimer: Copyright Southeastern Indiana Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.
