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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 Tipton at 407 Kentucky Ave, Tipton, IN, 46072 offers a 9.52% rental yield on a $142,900 purchase with $1,134/mo rent. Total monthly income registers $1,134/mo, and a $699/mo payment leaves $277/mo available for distribution. Annual cash flow reaches $3,319/yr on $47,371 to close, and return on cash invested stands at 26.92% in year one. Equity gained on principal adds $922/yr while 5% annual appreciation supports $39,481 over five years. Portfolio math shows five-year ROI at 140.2% and total cumulative return in cash at $66,417. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,134/mo property income against a $699/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1938
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46072, Tipton, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,128 (100%) |
| Owner Occupied HU | 3,001 (72.7%) |
| Renter Occupied HU | 817 (19.8%) |
| Vacant Housing Units | 310 ( 7.5%) |
| Median Home Value | $208,736 |
| Average Home Value | $239,538 |
Residential
4,051
Single Family
3,861
Multi-Family
190
Businesses
369
Date | Event | Price |
|---|---|---|
| 2025-04-13 | Listed for sale | $142,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-15 | $31.00 | 2.04% | $87,000 | 7.01% |
| 2023-04-15 | $30.38 | 2.01% | $81,300 | 4.63% |
| 2022-04-15 | $29.78 | -51.97% | $77,700 | 12.77% |
Listed by: John Kwiatt • RE/MAX Anew Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512591
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.
