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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 Boonville at 4536 Sierra Dr, Boonville, IN, 47601 generates $2,894/mo in rent and, after a $1,314/mo payment, leaves $1,131/mo in cash flow. Total monthly income is $2,894/mo, and annual cash flow is $13,575/yr on $89,008 invested. Return on cash invested sits at 35.16% in year one, and rental yield is 12.93% on a $268,500 entry. Equity gained on principal adds $1,733/yr, while 5% annual appreciation builds toward $74,182 over five years. Five-year ROI reaches 185.16% and total cumulative return in cash sums $164,806. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,894/mo property income rather than buyer’s personal income.
Condo
Built in 1997
N/A lot
$N/A/sqft
$140 monthly HOA
Neighborhood data shown for ZIP Code: 47601, Boonville, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,063 (100%) |
| Owner Occupied HU | 4,644 (76.6%) |
| Renter Occupied HU | 1,004 (16.6%) |
| Vacant Housing Units | 415 ( 6.8%) |
| Median Home Value | $231,570 |
| Average Home Value | $282,098 |
Residential
5,853
Single Family
5,666
Multi-Family
187
Businesses
417
Date | Event | Price |
|---|---|---|
| 2025-05-09 | Sold | $268,500 |
| 2025-04-02 | Pending sale | $287,000 |
| 2025-03-12 | Price change | $287,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-23 | $2364.00 | 0.60% | $265,700 | 12.39% |
| 2023-10-23 | $2350.00 | 23.68% | $236,400 | 0.60% |
| 2022-10-23 | $1900.00 | 18.38% | $235,000 | 23.68% |
Listed by: Chris A Whetstine • Comfort Homes
Mls Name: IRMLS
Mls Provider:
Mls ID: #202424715
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.
