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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 Ferdinand at 412 E 23rd St, Ferdinand, IN, 47532 uses $77,903 cash to close to unlock $6,846/yr annual cash flow and $571/mo monthly cash flow. Total monthly income runs $1,981/mo, and a $1,150/mo payment keeps the spread at $571/mo. Purchase price stands at $235,000, and rental yield measures 10.12% with $1,981/mo rent. Return on cash invested shows 28.7% in year one, and 5% annual appreciation builds toward $64,926 over five years. Five-year ROI reaches 149.73% and total cumulative return in cash records $116,644. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,981/mo property income covering a $1,150/mo payment rather than investor’s personal income.
Single Family
Built in 1945
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47532, Ferdinand, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,914 (100%) |
| Owner Occupied HU | 1,507 (78.7%) |
| Renter Occupied HU | 300 (15.7%) |
| Vacant Housing Units | 107 ( 5.6%) |
| Median Home Value | $278,564 |
| Average Home Value | $306,931 |
Residential
1,882
Single Family
1,882
Multi-Family
0
Businesses
164
Date | Event | Price |
|---|---|---|
| 2025-03-21 | Listed for sale | $235,000 |
| 2020-06-05 | Sold | $172,000 |
| 2020-05-29 | Pending sale | $164,700 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-24 | $1524.92 | 35.45% | $201,200 | 15.10% |
| 2023-03-24 | $1125.78 | 17.38% | $174,800 | 30.74% |
| 2022-03-24 | $959.12 | 16.51% | $133,700 | 16.97% |
Listed by: Keasha Fromme • Carpenter Realty LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509335
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.
