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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 Flora at 403 E Columbia St, Flora, IN, 46929 priced at $189,900 converts $1,753/mo rent into $614/mo cash flow after a $929/mo obligation. Total monthly income equals $1,753/mo, and annual cash flow totals $7,362/yr on $62,952 invested. Return on cash invested prints 31.6% in year one, and rental yield reads 11.08% against a $189,900 entry. Equity gained on principal adds $1,225/yr, while 5% annual appreciation compiles into $52,466 by year five. Five-year ROI reaches 165.35% and total cumulative return in cash sums $104,093. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,753/mo property income covering a $929/mo payment, not borrower’s personal income.
Single Family
Built in 1900
7,187 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46929, Flora, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,414 (100%) |
| Owner Occupied HU | 1,005 (71.1%) |
| Renter Occupied HU | 315 (22.3%) |
| Vacant Housing Units | 94 ( 6.6%) |
| Median Home Value | $183,468 |
| Average Home Value | $226,652 |
Residential
1,365
Single Family
1,274
Multi-Family
91
Businesses
135
Date | Event | Price |
|---|---|---|
| 2025-07-25 | Sold | $189,900 |
| 2025-06-24 | Pending sale | $179,900 |
| 2025-06-20 | Listed for sale | $179,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-04 | $1257.74 | 13.48% | $149,900 | 3.24% |
| 2023-11-04 | $1108.36 | 27.52% | $145,200 | 17.86% |
| 2022-11-04 | $869.16 | 42.63% | $123,200 | 22.95% |
Listed by: Sherry Cole • Keller Williams Lafayette
Mls Name: IRMLS
Mls Provider:
Mls ID: #202523706
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.
