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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 Farmland at 403 N Main St, Farmland, IN, 47340 priced at $199,900 converts $960/mo rent into after a $978/mo obligation. Total monthly income equals $960/mo. Return on cash invested prints 15.57% in year one, and rental yield reads 5.76% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 79.37% and total cumulative return in cash sums $52,597. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $960/mo property income covering a $978/mo payment, not borrower’s personal income.
Single Family
Built in 1875
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47340, Farmland, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,244 (100%) |
| Owner Occupied HU | 912 (73.3%) |
| Renter Occupied HU | 228 (18.3%) |
| Vacant Housing Units | 104 ( 8.4%) |
| Median Home Value | $156,322 |
| Average Home Value | $188,931 |
Residential
931
Single Family
931
Multi-Family
0
Businesses
55
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Jeff Weightman • Weightman Realty Group, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22071264
