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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 Brookston at 407 S Railroad St, Brookston, IN, 47923 listed at $187,500 pairs $1,478/mo rent with a $918/mo payment to leave $352/mo cash flow. Total monthly income runs $1,478/mo, and annual cash flow reaches $4,226/yr on $62,156 cash to close. Return on cash invested measures 26.71% in year one, and rental yield registers 9.46% at a $187,500 basis. Equity gained on principal adds $1,210/yr, and annual property appreciation at 5% supports $51,803 by year five. Five-year ROI tracks 139.13% and total cumulative return in cash totals $86,479. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,478/mo property income relative to a $918/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47923, Brookston, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,603 (100%) |
| Owner Occupied HU | 1,204 (75.1%) |
| Renter Occupied HU | 249 (15.5%) |
| Vacant Housing Units | 150 ( 9.4%) |
| Median Home Value | $215,726 |
| Average Home Value | $239,797 |
Residential
1,449
Single Family
1,449
Multi-Family
0
Businesses
72
Date | Event | Price |
|---|---|---|
| 2024-10-11 | Listed for sale | $187,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $694.12 | 7.40% | $133,000 | 11.95% |
| 2022-10-15 | $646.32 | 29.69% | $118,800 | 8.30% |
| 2021-10-15 | $498.36 | 9.93% | $109,700 | 17.45% |
Listed by: Kimberly Papp • Key Exchange Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22006280
Disclaimer: Based on information submitted to the MLS GRID as of 2024-02-07 08:48:41 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/info/mls-disclaimers/#mls_48)
