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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 Ossian at 408 Mary St, Ossian, IN, 46777 priced at $149,900 pairs $1,194/mo rent with $294/mo cash flow after a $734/mo payment. Total monthly income equals $1,194/mo, and annual cash flow comes to $3,526/yr on $49,692 invested. Return on cash invested is 27.01% in year one, and rental yield stands at 9.56% on a $149,900 basis. Equity gained on principal adds $967/yr, and 5% annual appreciation accumulates to $41,415 by year five. Five-year ROI measures 140.66% and total cumulative return in cash reaches $69,899. For financing, Ziffy Mortgage’s DSCR program evaluates $1,194/mo property income against a $734/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2002
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46777, Ossian, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,731 (100%) |
| Owner Occupied HU | 2,141 (78.4%) |
| Renter Occupied HU | 428 (15.7%) |
| Vacant Housing Units | 162 ( 5.9%) |
| Median Home Value | $227,960 |
| Average Home Value | $267,226 |
Residential
2,606
Single Family
2,547
Multi-Family
59
Businesses
128
Date | Event | Price |
|---|---|---|
| 2025-04-07 | Listed for sale | $149,900 |
| 2019-12-30 | Sold | $80,000 |
| 2019-11-11 | Price change | $84,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-09 | $394.74 | 14.84% | $94,100 | -1.16% |
| 2023-04-09 | $343.72 | 35.81% | $95,200 | 6.37% |
| 2022-04-09 | $253.08 | 14.79% | $89,500 | 12.86% |
Listed by: Catherine Peterson • Steffen Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511658
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.
