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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 New Whiteland at 321 Bluestem Ln, New Whiteland, IN, 46184 generates $2,987/mo in rent and, after a $1,933/mo payment, leaves $559/mo in cash flow. Total monthly income is $2,987/mo, and annual cash flow is $6,705/yr on $130,943 invested. Return on cash invested sits at 25.03% in year one, and rental yield is 9.07% on a $395,000 entry. Equity gained on principal adds $2,549/yr, while 5% annual appreciation builds toward $109,131 over five years. Five-year ROI reaches 130.26% and total cumulative return in cash sums $170,562. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,987/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
8,719 sqft lot
$N/A/sqft
$500 annually HOA
Neighborhood data shown for ZIP Code: 46184, Whiteland, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,190 (100%) |
| Owner Occupied HU | 4,390 (84.6%) |
| Renter Occupied HU | 740 (14.3%) |
| Vacant Housing Units | 60 ( 1.2%) |
| Median Home Value | $261,290 |
| Average Home Value | $282,753 |
Residential
5,129
Single Family
5,129
Multi-Family
0
Businesses
293
Date | Event | Price |
|---|---|---|
| 2025-04-11 | Listed for sale | $395,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-14 | $3467.98 | 7.30% | $332,200 | N/A |
| 2023-04-14 | $3232.10 | 41231.20% | $332,200 | 7.20% |
| 2022-04-14 | $7.82 | N/A | $309,900 | 103200.00% |
What's Special
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Listed by: Priya Bhargava • Keller Williams Indpls Metro N
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22032170
Disclaimer: Based on information submitted to the MLS GRID as of 2025-04-14 08:08:07 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
