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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 Converse at 401 E Sycamore St, Converse, IN, 46919 at $240,000 posts ROI 30.88% with $728/mo cash flow from $2,384/mo rent. Total monthly income equals $2,384/mo, and annual cash flow records $8,731/yr on $79,560 to close. Return on cash invested measures 30.88% and rental yield reads 11.92% at the current $240,000. Equity gained on principal adds $1,549/yr, and 5% annual appreciation supports $66,308 by year five. Five-year ROI prints 162.64% and total cumulative return in cash totals $129,398.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,384/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1953
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46919, Converse, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 961 (100%) |
| Owner Occupied HU | 676 (70.3%) |
| Renter Occupied HU | 185 (19.3%) |
| Vacant Housing Units | 100 (10.4%) |
| Median Home Value | $196,330 |
| Average Home Value | $273,295 |
Residential
577
Single Family
531
Multi-Family
46
Businesses
42
Date | Event | Price |
|---|---|---|
| 2024-08-22 | Sold | $220,800 |
| 2021-03-24 | Listing removed | N/A |
| 2016-08-26 | Listing removed | $189,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-24 | $4575.64 | 15.08% | $227,700 | -1.09% |
| 2023-05-24 | $3976.00 | 14.55% | $230,200 | 16.03% |
| 2022-05-24 | $3471.00 | 98.12% | $198,400 | 14.55% |
Listed by: Linda K Robinson • Central Indiana Homes, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202519115
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.
