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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 Boonville at 408 W Monroe St, Boonville, IN, 47601 uses $62,952 cash to close to unlock $6,150/yr annual cash flow and $513/mo monthly cash flow. Total monthly income runs $1,652/mo, and a $929/mo payment keeps the spread at $513/mo. Purchase price stands at $189,900, and rental yield measures 10.44% with $1,652/mo rent. Return on cash invested shows 29.68% in year one, and 5% annual appreciation builds toward $52,466 over five years. Five-year ROI reaches 155.04% and total cumulative return in cash records $97,601. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,652/mo property income covering a $929/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.69 Acres 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 |
|---|---|---|
| 2025-01-13 | Sold | $189,900 |
| 2024-11-20 | Pending sale | $189,900 |
| 2024-10-15 | Price change | $189,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-23 | $988.58 | 43.02% | $156,900 | -0.82% |
| 2023-10-23 | $691.20 | 34.94% | $158,200 | 34.64% |
| 2022-10-23 | $512.24 | -5.34% | $117,500 | 25.00% |
Listed by: Carson Lowry • RE/MAX REVOLUTION
Mls Name: IRMLS
Mls Provider:
Mls ID: #202437722
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.
