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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 Santa Claus at 368 W Melchoir Drive S, Santa Claus, IN, 47579 listed at $349,900 pairs $1,391/mo rent with a $1,713/mo payment. Total monthly income runs $1,391/mo. Return on cash invested measures 11.65% in year one, and rental yield registers 4.77% at a $349,900 basis. Equity gained on principal adds $2,258/yr, and annual property appreciation at 5% supports $96,671 by year five. Five-year ROI tracks 58.64% and total cumulative return in cash totals $68,022. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,391/mo property income relative to a $1,713/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1978
9,875 sqft lot
$N/A/sqft
$550 annually HOA
Neighborhood data shown for ZIP Code: 47579, Santa Claus, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,237 (100%) |
| Owner Occupied HU | 1,022 (82.6%) |
| Renter Occupied HU | 105 ( 8.5%) |
| Vacant Housing Units | 110 ( 8.9%) |
| Median Home Value | $257,373 |
| Average Home Value | $291,761 |
Residential
1,048
Single Family
1,048
Multi-Family
0
Businesses
86
Date | Event | Price |
|---|---|---|
| 2025-04-17 | Listed for sale | $349,900 |
| 2007-04-05 | Sold | $149,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-18 | $3418.28 | 50.08% | $188,100 | 2.40% |
| 2023-04-18 | $2277.70 | -6.25% | $183,700 | 24.54% |
| 2022-04-18 | $2429.56 | -7.99% | $147,500 | 6.73% |
Listed by: Barrett Goff • Allodium Real Estate
Mls Name: SIRA
Mls Provider:
Mls ID: #202507283
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.
