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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 Farmland at 410 N Mulberry St, Farmland, IN, 47340 offers a 8.82% rental yield on a $199,900 purchase with $1,469/mo rent. Total monthly income registers $1,469/mo, and a $978/mo payment leaves $269/mo available for distribution. Annual cash flow reaches $3,233/yr on $66,267 to close, and return on cash invested stands at 24.79% in year one. Equity gained on principal adds $1,290/yr while 5% annual appreciation supports $55,229 over five years. Portfolio math shows five-year ROI at 128.81% and total cumulative return in cash at $85,357. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,469/mo property income against a $978/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1965
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47340, Farmland, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,244 (100%) |
| Owner Occupied HU | 912 (73.3%) |
| Renter Occupied HU | 228 (18.3%) |
| Vacant Housing Units | 104 ( 8.4%) |
| Median Home Value | $156,322 |
| Average Home Value | $188,931 |
Residential
931
Single Family
931
Multi-Family
0
Businesses
55
Date | Event | Price |
|---|---|---|
| 2025-03-24 | Listed for sale | $199,900 |
| 2022-01-14 | Sold | $135,000 |
| 2021-11-15 | Pending sale | $129,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-26 | $1096.00 | 11.84% | $112,500 | 6.74% |
| 2023-03-26 | $980.00 | -12.34% | $105,400 | 5.51% |
| 2022-03-26 | $1118.00 | 6.31% | $99,900 | 16.71% |
Listed by: Curtis Cunningham • Wagner Auctioneering and Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509586
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.
