Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 Fairmount at 423 E 13th St, Fairmount, IN, 46928 uses $59,637 cash to close to unlock $2,179/yr annual cash flow and $182/mo monthly cash flow. Total monthly income runs $1,262/mo, and a $881/mo payment keeps the spread at $182/mo. Purchase price stands at $179,900, and rental yield measures 8.42% with $1,262/mo rent. Return on cash invested shows 23.56% in year one, and 5% annual appreciation builds toward $49,703 over five years. Five-year ROI reaches 122.22% and total cumulative return in cash records $72,885. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,262/mo property income covering a $881/mo payment rather than investor’s personal income.
Single Family
Built in 1994
0.48 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46928, Fairmount, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,077 (100%) |
| Owner Occupied HU | 1,510 (72.7%) |
| Renter Occupied HU | 394 (19.0%) |
| Vacant Housing Units | 173 ( 8.3%) |
| Median Home Value | $142,808 |
| Average Home Value | $185,599 |
Residential
1,998
Single Family
1,960
Multi-Family
38
Businesses
120
Date | Event | Price |
|---|---|---|
| 2025-05-23 | Listed for sale | $179,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-27 | $609.60 | 2.00% | $156,000 | 14.04% |
| 2023-05-27 | $597.64 | 2.00% | $136,800 | 10.41% |
| 2022-05-27 | $585.92 | 2.00% | $123,900 | 15.69% |
Listed by: Joe Schroder • RE/MAX Realty One
Mls Name: IRMLS
Mls Provider:
Mls ID: #202519294
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.
