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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 Clay City at 503 Front St, Clay City, IN, 47841 uses $44,719 cash to close to unlock $6,138/yr annual cash flow and $511/mo monthly cash flow. Total monthly income runs $1,321/mo, and a $660/mo payment keeps the spread at $511/mo. Purchase price stands at $134,900, and rental yield measures 11.75% with $1,321/mo rent. Return on cash invested shows 33.63% in year one, and 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 176.26% and total cumulative return in cash records $78,821. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,321/mo property income covering a $660/mo payment rather than investor’s personal income.
Single Family
Built in 1883
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47841, Clay City, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 994 (100%) |
| Owner Occupied HU | 681 (68.5%) |
| Renter Occupied HU | 204 (20.5%) |
| Vacant Housing Units | 109 (11.0%) |
| Median Home Value | $126,894 |
| Average Home Value | $147,559 |
Residential
951
Single Family
951
Multi-Family
0
Businesses
70
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: William Hurst • Carpenter, REALTORS
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22060721
