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 Rensselaer at 437 Pheasant Run, Rensselaer, IN, 47978 earns $642/mo cash flow from $2,522/mo rent with a $1,297/mo payment. Total monthly income totals $2,522/mo, and annual cash flow totals $7,707/yr on $87,848 capital. ROI tracks 28.68% on current figures, and rental yield reads 11.42% at a $265,000 purchase. Equity gained on principal adds $1,710/yr, and 5% annual appreciation supports $73,215 over five years. Five-year ROI reaches 151.11% and total cumulative return in cash sums $132,747. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,522/mo property income instead of your personal income.
Condo
Built in 1998
N/A lot
$N/A/sqft
$867 quarterly HOA
Neighborhood data shown for ZIP Code: 47978, Rensselaer, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,710 (100%) |
| Owner Occupied HU | 3,173 (67.4%) |
| Renter Occupied HU | 1,190 (25.3%) |
| Vacant Housing Units | 347 ( 7.4%) |
| Median Home Value | $207,764 |
| Average Home Value | $254,811 |
Residential
4,454
Single Family
4,324
Multi-Family
130
Businesses
430
Date | Event | Price |
|---|---|---|
| 2025-05-27 | Sold | $265,000 |
| 2025-04-03 | Pending sale | $275,000 |
| 2025-03-01 | Listing removed | $275,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $890.36 | 7.93% | $180,500 | 6.49% |
| 2023-10-24 | $824.98 | 5.51% | $169,500 | 14.14% |
| 2022-10-24 | $781.90 | 6.70% | $148,500 | 9.35% |
Listed by: Terri Phegley • Cornerstone Real Estate Agency
Mls Name: NIRA
Mls Provider:
Mls ID: #818473
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-24 05:33:21 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#185)
