Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 S Main St, Farmland, IN, 47340 offers $1,535/mo rent that, after a $881/mo payment, leaves $455/mo cash flow. Total monthly income is $1,535/mo, and annual cash flow is $5,455/yr on $59,637 cash. Return on cash invested measures 29.06% in year one, and rental yield stands at 10.24% at a $179,900 entry. Equity gained on principal adds $1,161/yr while 5% annual appreciation compounds into $49,703 by year five. Five-year ROI records 151.67% and total cumulative return in cash reaches $90,453. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,535/mo property income versus a $881/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1923
0.50 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 |
|---|---|---|
| 2025-08-26 | Listed for sale | $179,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-27 | $942.12 | -2.47% | $93,500 | 8.59% |
| 2023-08-27 | $966.00 | -7.47% | $86,100 | 5.51% |
| 2022-08-27 | $1044.00 | 5.24% | $81,600 | -7.06% |
Listed by: Brody Tarter • Re/Max Evolve
Mls Name: RLMS
Mls Provider:
Mls ID: #10051874
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.
