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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 Michigantown at 404 E 3rd St, Michigantown, IN, 46057 generates $1,271/mo in rent and, after a $685/mo payment, leaves $431/mo in cash flow. Total monthly income is $1,271/mo, and annual cash flow is $5,170/yr on $46,410 invested. Return on cash invested sits at 31.05% in year one, and rental yield is 10.89% on a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation builds toward $38,679 over five years. Five-year ROI reaches 162.35% and total cumulative return in cash sums $75,346. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,271/mo property income rather than buyer’s personal income.
Single Family
Built in 1949
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46057, Michigantown, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 447 (100%) |
| Owner Occupied HU | 299 (66.9%) |
| Renter Occupied HU | 91 (20.4%) |
| Vacant Housing Units | 57 (12.8%) |
| Median Home Value | $247,159 |
| Average Home Value | $254,448 |
Residential
251
Single Family
251
Multi-Family
0
Businesses
33
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: Ben Jones • Compass
Mls Name: IRMLS
Mls ID: #202548518
