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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 Petersburg at 503 S Lakeview Dr, Petersburg, IN, 47567 offers $1,154/mo rent that, after a $893/mo payment, leaves $59/mo cash flow. Total monthly income is $1,154/mo, and annual cash flow is $705/yr on $60,499 cash. Return on cash invested measures 21.07% in year one, and rental yield stands at 7.59% at a $182,500 entry. Equity gained on principal adds $1,178/yr while 5% annual appreciation compounds into $50,421 by year five. Five-year ROI records 108.83% and total cumulative return in cash reaches $65,842. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,154/mo property income versus a $893/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
0.77 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47567, Petersburg, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,619 (100%) |
| Owner Occupied HU | 1,818 (69.4%) |
| Renter Occupied HU | 503 (19.2%) |
| Vacant Housing Units | 298 (11.4%) |
| Median Home Value | $175,641 |
| Average Home Value | $200,881 |
Residential
2,477
Single Family
2,441
Multi-Family
36
Businesses
223
Date | Event | Price |
|---|---|---|
| 2025-08-21 | Listed for sale | $182,500 |
| 2011-10-18 | Sold | $57,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-08-22 | $608.60 | 24.41% | $64,800 | 6.58% |
| 2023-08-22 | $489.20 | 12.08% | $60,800 | 8.57% |
| 2022-08-22 | $436.48 | 2.56% | $56,000 | 11.78% |
Listed by: Beau Johnson • @properties
Mls Name: IRMLS
Mls Provider:
Mls ID: #202533406
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.
