








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 Bedford at 338 Eastwood Dr, Bedford, IN, 47421 uses $72,897 cash to close to unlock $9,627/yr annual cash flow and $802/mo monthly cash flow. Total monthly income runs $2,122/mo, and a $1,076/mo payment keeps the spread at $802/mo. Purchase price stands at $219,900, and rental yield measures 11.58% with $2,122/mo rent. Return on cash invested shows 33.12% in year one, and 5% annual appreciation builds toward $60,754 over five years. Five-year ROI reaches 173.46% and total cumulative return in cash records $126,448. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,122/mo property income covering a $1,076/mo payment rather than investor’s personal income.
Single Family
Built in 1963
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47421, Bedford, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 12,866 (100%) |
| Owner Occupied HU | 8,906 (69.2%) |
| Renter Occupied HU | 2,874 (22.3%) |
| Vacant Housing Units | 1,086 ( 8.4%) |
| Median Home Value | $213,813 |
| Average Home Value | $236,330 |
Residential
12,447
Single Family
12,103
Multi-Family
344
Businesses
999
Date | Event | Price |
|---|---|---|
| 2025-04-26 | Listed for sale | $219,900 |
| 2019-04-12 | Sold | $145,000 |
| 2019-03-04 | Listed for sale | $149,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-29 | $1004.56 | 2.00% | $152,300 | 4.96% |
| 2023-04-29 | $984.86 | 2.00% | $145,100 | 7.96% |
| 2022-04-29 | $965.54 | 2.00% | $134,400 | 24.44% |



Listed by: Amanda Childers • Hawkins & Root Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514763
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.