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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 New Waverly at 47 N Pearl St, New Waverly, IN, 46961 generates $1,201/mo in rent and, after a $905/mo payment, leaves $91/mo in cash flow. Total monthly income is $1,201/mo, and annual cash flow is $1,093/yr on $61,294 invested. Return on cash invested sits at 21.69% in year one, and rental yield is 7.79% on a $184,900 entry. Equity gained on principal adds $1,193/yr, while 5% annual appreciation builds toward $51,084 over five years. Five-year ROI reaches 112.25% and total cumulative return in cash sums $68,803. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,201/mo property income rather than buyer’s personal income.
Single Family
Built in 1990
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46961, New Waverly, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10 (100%) |
| Owner Occupied HU | 8 (80.0%) |
| Renter Occupied HU | 2 (20.0%) |
| Vacant Housing Units | 0 |
| Median Home Value | $225,000 |
| Average Home Value | $205,938 |
Residential
39
Single Family
39
Multi-Family
0
Businesses
1
Date | Event | Price |
|---|---|---|
| 2024-11-05 | Price change | $184,900 |
| 2024-10-18 | Listed for sale | $189,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-20 | $169.08 | 4.58% | $8,100 | -3.57% |
| 2022-11-20 | $161.68 | 16.75% | $8,400 | 5.00% |
| 2021-11-20 | $138.48 | 70.79% | $8,000 | -67.48% |
Listed by: Jill Ash • Allen Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202440464
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.
