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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% |
Investment property for sale in Spencer at 3601 Jeremy Ct, Spencer, IN, 47460 offers a 9.72% rental yield on a $310,000 purchase with $2,512/mo rent. Total monthly income registers $2,512/mo, and a $1,517/mo payment leaves $651/mo available for distribution. Annual cash flow reaches $7,817/yr on $102,765 to close, and return on cash invested stands at 27.52% in year one. Equity gained on principal adds $2,000/yr while 5% annual appreciation supports $85,647 over five years. Portfolio math shows five-year ROI at 143.41% and total cumulative return in cash at $147,379. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,512/mo property income against a $1,517/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
1 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47460, Spencer, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,190 (100%) |
| Owner Occupied HU | 3,784 (72.9%) |
| Renter Occupied HU | 949 (18.3%) |
| Vacant Housing Units | 457 ( 8.8%) |
| Median Home Value | $187,057 |
| Average Home Value | $214,772 |
Residential
4,901
Single Family
4,899
Multi-Family
2
Businesses
417
Date | Event | Price |
|---|---|---|
| 2025-08-25 | Sold | $310,000 |
| 2025-07-29 | Listed for sale | $319,900 |
| 2019-09-05 | Sold | $15,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-29 | $1992.60 | 5.51% | $286,200 | 7.92% |
| 2023-10-29 | $1888.52 | 928.72% | $265,200 | 19.08% |
| 2022-10-29 | $183.58 | 2.65% | $222,700 | 2127.00% |
Listed by: Sable Beyers • Beyers Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202529746
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.
