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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 Jonesboro at 424 S Water St, Jonesboro, IN, 46938 at $119,500 posts ROI 27.83% with $262/mo cash flow from $989/mo rent. Total monthly income equals $989/mo, and annual cash flow records $3,138/yr on $39,614 to close. Return on cash invested measures 27.83% and rental yield reads 9.93% at the current $119,500. Equity gained on principal adds $771/yr, and 5% annual appreciation supports $33,016 by year five. Five-year ROI prints 145.27% and total cumulative return in cash totals $57,546.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $989/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1910
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46938, Jonesboro, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,196 (100%) |
| Owner Occupied HU | 904 (75.6%) |
| Renter Occupied HU | 182 (15.2%) |
| Vacant Housing Units | 110 ( 9.2%) |
| Median Home Value | $133,036 |
| Average Home Value | $179,433 |
Residential
1,209
Single Family
1,209
Multi-Family
0
Businesses
28
Date | Event | Price |
|---|---|---|
| 2025-05-31 | Listed for sale | $119,500 |
| 2024-09-19 | Listing removed | $125,000 |
| 2024-08-05 | Listed for sale | $125,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-02 | $1112.12 | 4.72% | $108,200 | -3.39% |
| 2023-06-02 | $1062.00 | 6.41% | $112,000 | 5.46% |
| 2022-06-02 | $998.00 | 3.60% | $106,200 | 6.41% |
Listed by: Craig Luthy • Nicholson Realty 2.0 LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202520442
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.
