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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 Birdseye at 3311 N Cedar Gap Lane, Birdseye, IN, 47513 offers $1,162/mo rent that, after a $957/mo payment. Total monthly income is $1,162/mo. Return on cash invested measures 17.19% in year one, and rental yield stands at 7.13% at a $195,500 entry. Equity gained on principal adds $1,262/yr while 5% annual appreciation compounds into $54,013 by year five. Five-year ROI records 88.99% and total cumulative return in cash reaches $57,671. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,162/mo property income versus a $957/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2000
0.74 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47513, Birdseye, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,423 (100%) |
| Owner Occupied HU | 738 (51.9%) |
| Renter Occupied HU | 156 (11.0%) |
| Vacant Housing Units | 529 (37.2%) |
| Median Home Value | $178,704 |
| Average Home Value | $205,854 |
Residential
892
Single Family
892
Multi-Family
0
Businesses
34
Date | Event | Price |
|---|---|---|
| 2025-08-12 | Listing removed | $242,900 |
| 2025-01-22 | Price change | $242,900 |
| 2024-11-14 | Price change | $244,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $3246.00 | 33.47% | $180,200 | 11.03% |
| 2023-10-22 | $2432.00 | 11.05% | $162,300 | 33.47% |
| 2022-10-22 | $2190.00 | 21.13% | $121,600 | 11.05% |
Listed by: Lori J. Gilstrap • The Day Company REALTORS
Mls Name: SIRA
Mls Provider:
Mls ID: #2022011858
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.
