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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 Avon at 4969 Fairway Dr, Avon, IN, 46123 priced at $224,900 pairs $2,155/mo rent with $432/mo cash flow after a $1,101/mo payment. Total monthly income equals $2,155/mo, and annual cash flow comes to $5,181/yr on $74,554 invested. Return on cash invested is 26.86% in year one, and rental yield stands at 11.5% on a $224,900 basis. Equity gained on principal adds $1,451/yr, and 5% annual appreciation accumulates to $62,136 by year five. Five-year ROI measures 142.03% and total cumulative return in cash reaches $105,889. For financing, Ziffy Mortgage’s DSCR program evaluates $2,155/mo property income against a $1,101/mo payment instead of your W2s, 1099s, or Tax returns.
Condo
Built in 1978
N/A lot
$N/A/sqft
$373 monthly HOA
Neighborhood data shown for ZIP Code: 46123, Avon, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,638 (100%) |
| Owner Occupied HU | 12,897 (77.5%) |
| Renter Occupied HU | 3,116 (18.7%) |
| Vacant Housing Units | 625 ( 3.8%) |
| Median Home Value | $326,962 |
| Average Home Value | $336,322 |
Residential
16,424
Single Family
15,189
Multi-Family
1,235
Businesses
779
Date | Event | Price |
|---|---|---|
| 2025-03-12 | Listed for sale | $224,900 |
| 2018-02-19 | Sold | $126,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-13 | $854.04 | 10.10% | $165,500 | 9.39% |
| 2023-03-13 | $775.70 | 49.45% | $151,300 | 7.84% |
| 2022-03-13 | $519.04 | 25.42% | $140,300 | 15.85% |
Listed by: Joe Pritchett • Pritchett Property Group LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22026342
Disclaimer: Based on information submitted to the MLS GRID as of 2025-03-13 08:08:38 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/#48)
