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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 Worthington at 504 N Myra St, Worthington, IN, 47471 offers a 9.2% rental yield on a $164,000 purchase with $1,258/mo rent. Total monthly income registers $1,258/mo, and a $803/mo payment leaves $273/mo available for distribution. Annual cash flow reaches $3,279/yr on $54,366 to close, and return on cash invested stands at 25.94% in year one. Equity gained on principal adds $1,058/yr while 5% annual appreciation supports $45,310 over five years. Portfolio math shows five-year ROI at 135.04% and total cumulative return in cash at $73,413. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,258/mo property income against a $803/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
1.83 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47471, Worthington, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,188 (100%) |
| Owner Occupied HU | 826 (69.5%) |
| Renter Occupied HU | 226 (19.0%) |
| Vacant Housing Units | 136 (11.4%) |
| Median Home Value | $122,464 |
| Average Home Value | $181,262 |
Residential
1,187
Single Family
1,162
Multi-Family
25
Businesses
84
Date | Event | Price |
|---|---|---|
| 2025-05-17 | Listed for sale | $164,000 |
| 2019-05-08 | Listing removed | $89,900 |
| 2019-04-24 | Listed for sale | $89,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-20 | $40.00 | -33.33% | $2,000 | N/A |
| 2023-05-20 | $60.00 | N/A | $2,000 | N/A |
| 2022-05-20 | $60.00 | -6.04% | $2,000 | N/A |
Listed by: Lance Dyer • The Real Estate Co.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518290
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.
