








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Investment property for sale in Bluffton at 404 W Spring St, Bluffton, IN, 46714 listed at $240,000 pairs $1,565/mo rent with a $1,175/mo payment to leave $124/mo cash flow. Total monthly income runs $1,565/mo, and annual cash flow reaches $1,488/yr on $79,560 cash to close. Return on cash invested measures 21.78% in year one, and rental yield registers 7.83% at a $240,000 basis. Equity gained on principal adds $1,549/yr, and annual property appreciation at 5% supports $66,308 by year five. Five-year ROI tracks 112.61% and total cumulative return in cash totals $89,594. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,565/mo property income relative to a $1,175/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1963
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46714, Bluffton, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,868 (100%) |
| Owner Occupied HU | 4,405 (64.1%) |
| Renter Occupied HU | 1,952 (28.4%) |
| Vacant Housing Units | 511 ( 7.4%) |
| Median Home Value | $192,431 |
| Average Home Value | $229,887 |
Residential
6,622
Single Family
6,327
Multi-Family
295
Businesses
576
Date | Event | Price |
|---|---|---|
| 2025-07-16 | Sold | $240,000 |
| 2025-06-04 | Pending sale | $240,000 |
| 2025-05-30 | Listed for sale | $240,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-31 | $24.37 | 3.92% | $1,300 | N/A |
| 2023-10-31 | $23.45 | -1.64% | $1,300 | N/A |
| 2022-10-31 | $23.84 | 1286.05% | $1,300 | N/A |



Listed by: Isaac H Stoller • Steffen Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518041
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.