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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 Alexandria at 408 N Walnut St, Alexandria, IN, 46001 priced at $179,900 converts $1,643/mo rent into $563/mo cash flow after a $881/mo obligation. Total monthly income equals $1,643/mo, and annual cash flow totals $6,751/yr on $59,637 invested. Return on cash invested prints 31.23% in year one, and rental yield reads 10.96% against a $179,900 entry. Equity gained on principal adds $1,161/yr, while 5% annual appreciation compiles into $49,703 by year five. Five-year ROI reaches 163.34% and total cumulative return in cash sums $97,413. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,643/mo property income covering a $881/mo payment, not borrower’s personal income.
Single Family
Built in 1934
6,098 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46001, Alexandria, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,069 (100%) |
| Owner Occupied HU | 3,388 (66.8%) |
| Renter Occupied HU | 1,108 (21.9%) |
| Vacant Housing Units | 573 (11.3%) |
| Median Home Value | $178,912 |
| Average Home Value | $205,941 |
Residential
4,471
Single Family
4,461
Multi-Family
10
Businesses
216
Date | Event | Price |
|---|---|---|
| 2024-12-19 | Sold | $179,900 |
| 2024-11-11 | Pending sale | $174,900 |
| 2024-09-24 | Price change | $174,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $1438.28 | 0.44% | $66,600 | 8.65% |
| 2023-10-24 | $1431.92 | 4.55% | $61,300 | 1.16% |
| 2022-10-24 | $1369.60 | 6.49% | $60,600 | 7.64% |
Listed by: Lindsay Adams • Pillario Property Management LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #21995032
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-24 05:37:46 PDT. 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](/mls-disclaimers/#48)
