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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 Argos at 402 E Albert St, Argos, IN, 46501 uses $85,527 cash to close to unlock $3,003/yr annual cash flow and $250/mo monthly cash flow. Total monthly income runs $1,808/mo, and a $1,263/mo payment keeps the spread at $250/mo. Purchase price stands at $258,000, and rental yield measures 8.41% with $1,808/mo rent. Return on cash invested shows 23.42% in year one, and 5% annual appreciation builds toward $71,281 over five years. Five-year ROI reaches 121.52% and total cumulative return in cash records $103,934. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,808/mo property income covering a $1,263/mo payment rather than investor’s personal income.
Single Family
Built in 1850
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46501, Argos, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,525 (100%) |
| Owner Occupied HU | 1,108 (72.7%) |
| Renter Occupied HU | 297 (19.5%) |
| Vacant Housing Units | 120 ( 7.9%) |
| Median Home Value | $179,118 |
| Average Home Value | $215,512 |
Residential
1,520
Single Family
1,498
Multi-Family
22
Businesses
90
Date | Event | Price |
|---|---|---|
| 2024-10-11 | Listed for sale | $258,000 |
| 2021-03-15 | Sold | $164,500 |
| 2016-01-19 | Sold | $82,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-19 | $2248.24 | 37.11% | $211,100 | 10.29% |
| 2022-11-19 | $1639.74 | 43.84% | $191,400 | 34.50% |
| 2021-11-19 | $1140.00 | N/A | $142,300 | 23.95% |
Listed by: Shelley Marsiliano • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202439622
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.
