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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 Ferdinand at 422 E 3rd St, Ferdinand, IN, 47532 generates $1,794/mo in rent and, after a $1,003/mo payment, leaves $564/mo in cash flow. Total monthly income is $1,794/mo, and annual cash flow is $6,765/yr on $67,958 invested. Return on cash invested sits at 29.86% in year one, and rental yield is 10.5% on a $205,000 entry. Equity gained on principal adds $1,323/yr, while 5% annual appreciation builds toward $56,638 over five years. Five-year ROI reaches 156% and total cumulative return in cash sums $106,014. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,794/mo property income rather than buyer’s personal income.
Single Family
Built in 1975
0.25 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 |
|---|---|---|
| 2025-02-27 | Sold | $205,000 |
| 2025-01-19 | Pending sale | $214,900 |
| 2024-11-27 | Listed for sale | $214,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $1075.64 | 25.27% | $152,700 | 10.57% |
| 2023-10-22 | $858.66 | 21.49% | $138,100 | 20.93% |
| 2022-10-22 | $706.80 | 19.63% | $114,200 | 17.01% |
Listed by: Courtnay Begle • RE/MAX REVOLUTION
Mls Name: IRMLS
Mls Provider:
Mls ID: #202439567
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.
