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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 Elberfeld at 350 W Elm St, Elberfeld, IN, 47613 priced at $155,000 converts $1,237/mo rent into $306/mo cash flow after a $759/mo obligation. Total monthly income equals $1,237/mo, and annual cash flow totals $3,675/yr on $51,383 invested. Return on cash invested prints 27.06% in year one, and rental yield reads 9.58% against a $155,000 entry. Equity gained on principal adds $1,000/yr, while 5% annual appreciation compiles into $42,824 by year five. Five-year ROI reaches 141% and total cumulative return in cash sums $72,448. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,237/mo property income covering a $759/mo payment, not borrower’s personal income.
Single Family
Built in 1946
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47613, Elberfeld, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,085 (100%) |
| Owner Occupied HU | 910 (83.9%) |
| Renter Occupied HU | 112 (10.3%) |
| Vacant Housing Units | 63 ( 5.8%) |
| Median Home Value | $314,000 |
| Average Home Value | $320,706 |
Residential
1,057
Single Family
1,057
Multi-Family
0
Businesses
59
Date | Event | Price |
|---|---|---|
| 2025-04-28 | Listed for sale | $155,000 |
| 2017-08-15 | Sold | $71,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-30 | $437.86 | 26.51% | $102,100 | 16.02% |
| 2023-04-30 | $346.12 | 15.40% | $88,000 | 11.68% |
| 2022-04-30 | $299.92 | 2.85% | $78,800 | 21.23% |
Listed by: Rebecca Busch • KELLER WILLIAMS CAPITAL REALTY
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514868
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.
