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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 Norman at 3296 N Main St, Norman, IN, 47264 priced at $120,500 pairs $2,101/mo rent with $1,377/mo cash flow after a $590/mo payment. Total monthly income equals $2,101/mo, and annual cash flow comes to $16,529/yr on $39,946 invested. Return on cash invested is 61.29% in year one, and rental yield stands at 20.92% on a $120,500 basis. Equity gained on principal adds $778/yr, and 5% annual appreciation accumulates to $33,292 by year five. Five-year ROI measures 324.58% and total cumulative return in cash reaches $129,656. For financing, Ziffy Mortgage’s DSCR program evaluates $2,101/mo property income against a $590/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1954
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47264, Norman, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 670 (100%) |
| Owner Occupied HU | 528 (78.8%) |
| Renter Occupied HU | 73 (10.9%) |
| Vacant Housing Units | 69 (10.3%) |
| Median Home Value | $242,073 |
| Average Home Value | $265,459 |
Residential
593
Single Family
593
Multi-Family
0
Businesses
21
Date | Event | Price |
|---|---|---|
| 2025-02-16 | Listing removed | $134,900 |
| 2024-04-19 | Price change | $134,900 |
| 2024-04-10 | Listed for sale | $164,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | $335.76 | -3.14% | $71,700 | -11.37% |
| 2023-11-01 | $346.64 | 23.24% | $80,900 | 5.06% |
| 2022-11-01 | $281.28 | 5.36% | $77,000 | 19.38% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
