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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 Boonville at 4677 Highway 62 W, Boonville, IN, 47601 offers a 8.3% rental yield on a $300,000 purchase with $2,075/mo rent. Total monthly income registers $2,075/mo, and a $1,468/mo payment leaves $114/mo available for distribution. Annual cash flow reaches $1,371/yr on $99,450 to close, and return on cash invested stands at 21.29% in year one. Equity gained on principal adds $1,936/yr while 5% annual appreciation supports $82,884 over five years. Portfolio math shows five-year ROI at 110.73% and total cumulative return in cash at $110,124. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,075/mo property income against a $1,468/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1962
2.50 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-02-04 | Sold | $300,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-23 | $4412.32 | 7.47% | $424,800 | 9.29% |
| 2023-10-23 | $4105.64 | 11.94% | $388,700 | 9.31% |
| 2022-10-23 | $3667.56 | -0.10% | $355,600 | 24.99% |
Listed by: Trent C Sohn • SOHN & ASSOCIATES, LTD.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202437203
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.
