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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 Boonville at 408 S 3rd St #A-B, Boonville, IN, 47601 priced at $100,000 converts $1,001/mo rent into $401/mo cash flow after a $489/mo obligation. Total monthly income equals $1,001/mo, and annual cash flow totals $4,814/yr on $33,150 invested. Return on cash invested prints 34.43% in year one, and rental yield reads 12.01% against a $100,000 entry. Equity gained on principal adds $645/yr, while 5% annual appreciation compiles into $27,628 by year five. Five-year ROI reaches 180.61% and total cumulative return in cash sums $59,872. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,001/mo property income covering a $489/mo payment, not borrower’s personal income.
Multi Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47601, Boonville, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,063 (100%) |
| Owner Occupied HU | 4,644 (76.6%) |
| Renter Occupied HU | 1,004 (16.6%) |
| Vacant Housing Units | 415 ( 6.8%) |
| Median Home Value | $231,570 |
| Average Home Value | $282,098 |
Residential
5,853
Single Family
5,666
Multi-Family
187
Businesses
417
Date | Event | Price |
|---|---|---|
| 2024-07-18 | Price change | $100,000 |
| 2024-04-15 | Listed for sale | $125,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Michelle Stanger • Stanger Homes, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202412432
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.
