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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 Converse at 4907 N 1350 E, Converse, IN, 46919 earns $166/mo cash flow from $1,439/mo rent with a $1,038/mo payment. Total monthly income totals $1,439/mo, and annual cash flow totals $1,992/yr on $70,278 capital. ROI tracks 22.74% on current figures, and rental yield reads 8.15% at a $212,000 purchase. Equity gained on principal adds $1,368/yr, and 5% annual appreciation supports $58,572 over five years. Five-year ROI reaches 117.85% and total cumulative return in cash sums $82,819. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,439/mo property income instead of your personal income.
Manufactured
Built in 1996
1 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46919, Converse, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 961 (100%) |
| Owner Occupied HU | 676 (70.3%) |
| Renter Occupied HU | 185 (19.3%) |
| Vacant Housing Units | 100 (10.4%) |
| Median Home Value | $196,330 |
| Average Home Value | $273,295 |
Residential
577
Single Family
531
Multi-Family
46
Businesses
42
Date | Event | Price |
|---|---|---|
| 2025-10-20 | Sold | $212,000 |
| 2025-09-19 | Listed for sale | $214,900 |
| 2023-05-03 | Sold | $177,300 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $387.96 | -16.47% | $118,300 | 42.02% |
| 2023-10-24 | $464.44 | 17.27% | $83,300 | N/A |
| 2022-10-24 | $396.04 | 21.95% | $83,300 | 6.25% |
Listed by: Misty Frost • Modern Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202538100
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.
