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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 Lapel at 331 W 8th St, Lapel, IN, 46051 priced at $153,200 pairs $1,514/mo rent with $594/mo cash flow after a $750/mo payment. Total monthly income equals $1,514/mo, and annual cash flow comes to $7,131/yr on $50,786 invested. Return on cash invested is 33.95% in year one, and rental yield stands at 11.86% on a $153,200 basis. Equity gained on principal adds $989/yr, and 5% annual appreciation accumulates to $42,326 by year five. Five-year ROI measures 177.98% and total cumulative return in cash reaches $90,387. For financing, Ziffy Mortgage’s DSCR program evaluates $1,514/mo property income against a $750/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1920
4,290 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46051, Lapel, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,213 (100%) |
| Owner Occupied HU | 900 (74.2%) |
| Renter Occupied HU | 233 (19.2%) |
| Vacant Housing Units | 80 ( 6.6%) |
| Median Home Value | $202,358 |
| Average Home Value | $233,233 |
Residential
840
Single Family
840
Multi-Family
0
Businesses
102
Date | Event | Price |
|---|---|---|
| 2025-04-10 | Listing removed | $179,900 |
| 2025-03-23 | Price change | $179,900 |
| 2024-11-03 | Listed for sale | $184,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $431.16 | -13.73% | $67,700 | 9.19% |
| 2023-10-24 | $499.80 | 7.09% | $62,000 | -0.96% |
| 2022-10-24 | $466.72 | -2.82% | $62,600 | 7.19% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
