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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 Boonville at 403 N 2nd St, Boonville, IN, 47601 generates $1,450/mo in rent and, after a $692/mo payment, leaves $601/mo in cash flow. Total monthly income is $1,450/mo, and annual cash flow is $7,215/yr on $46,874 invested. Return on cash invested sits at 35.3% in year one, and rental yield is 12.31% on a $141,400 entry. Equity gained on principal adds $912/yr, while 5% annual appreciation builds toward $39,066 over five years. Five-year ROI reaches 185.23% and total cumulative return in cash sums $86,826. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,450/mo property income rather than buyer’s personal income.
Single Family
Built in 1930
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47601, Boonville, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,063 (100%) |
| Owner Occupied HU | 4,644 (76.6%) |
| Renter Occupied HU | 1,004 (16.6%) |
| Vacant Housing Units | 415 ( 6.8%) |
| Median Home Value | $231,570 |
| Average Home Value | $282,098 |
Residential
5,853
Single Family
5,666
Multi-Family
187
Businesses
417
Date | Event | Price |
|---|---|---|
| 2025-07-23 | Listing removed | $159,000 |
| 2024-07-22 | Listed for sale | $159,000 |
| 2024-07-22 | Listing removed | $163,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-23 | $1152.00 | 101.01% | $115,000 | 1.95% |
| 2023-10-23 | $573.10 | 3.27% | $112,800 | 52.02% |
| 2022-10-23 | $554.96 | 12.41% | $74,200 | 16.30% |
Listed by: Janice E Miller • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202244926
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.
