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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 Staunton at 507 E Franklin St, Staunton, IN, 47881 offers a 10.76% rental yield on a $162,999 purchase with $1,461/mo rent. Total monthly income registers $1,461/mo, and a $798/mo payment leaves $482/mo available for distribution. Annual cash flow reaches $5,788/yr on $54,034 to close, and return on cash invested stands at 30.62% in year one. Equity gained on principal adds $1,052/yr while 5% annual appreciation supports $45,034 over five years. Portfolio math shows five-year ROI at 160.11% and total cumulative return in cash at $86,515. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,461/mo property income against a $798/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 1968
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47881, Staunton, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 32 (100%) |
| Owner Occupied HU | 25 (78.1%) |
| Renter Occupied HU | 1 ( 3.1%) |
| Vacant Housing Units | 6 (18.7%) |
| Median Home Value | $171,875 |
| Average Home Value | $263,000 |
Residential
1
Single Family
1
Multi-Family
0
Businesses
6
Date | Event | Price |
|---|---|---|
| 2025-04-15 | Listed for sale | $162,999 |
| 2013-06-01 | Sold | $33,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-16 | $275.82 | N/A | $98,100 | -0.91% |
| 2023-04-16 | N/A | N/A | $99,000 | 0.41% |
| 2022-04-16 | $273.84 | 43.93% | $98,600 | 12.17% |
Listed by: Becki Gross • GREENE REALTY LLC
Mls Name: THAAR
Mls Provider:
Mls ID: #106050
Disclaimer: The data relating to real estate for sale on this web site comes in part from the Internet Data exchange (IDX) program of the Terre Haute Area Association of Realtors. IDX information is provided exclusively for consumers' 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 deemed reliable but not guaranteed. Copyright 2025 Terre Haute Area Association of Realtors. All Rights Reserved. Last Updated: 2025-04-16 07:31:31 PDT
