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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% |
Investment property for sale in Rockport at 407 Elm St, Rockport, IN, 47635 offers a 9.14% rental yield on a $149,900 purchase with $1,142/mo rent. Total monthly income registers $1,142/mo, and a $734/mo payment leaves $242/mo available for distribution. Annual cash flow reaches $2,902/yr on $49,692 to close, and return on cash invested stands at 25.75% in year one. Equity gained on principal adds $967/yr while 5% annual appreciation supports $41,415 over five years. Portfolio math shows five-year ROI at 133.9% and total cumulative return in cash at $66,539. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,142/mo property income against a $734/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1916
6,490 sqft lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-06-29 | Listed for sale | $149,900 |
| 2017-10-27 | Sold | $84,000 |
| 2017-07-26 | Listing removed | $89,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-01 | $1227.00 | 24.07% | $111,600 | -9.05% |
| 2023-07-01 | $988.92 | 6.32% | $122,700 | 15.75% |
| 2022-07-01 | $930.16 | -9.69% | $106,000 | 9.17% |
Listed by: Chris Blake • Key Associates Signature Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202525017
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.
