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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 Aurora at 509 Manchester St, Aurora, IN, 47001 with 5% annual appreciation on a $111,600 basis while $1,167/mo rent supports operations. Total monthly income totals $1,167/mo and a $546/mo payment preserves $490/mo for cash returns. Annual cash flow comes to $5,874/yr on $36,995 deployed, and return on cash invested reaches 35.79% in year one. Equity gained on principal adds $720/yr, and five-year appreciation sums $30,833 alongside rental yield of 12.55%. Five-year ROI measures 187.9% and total cumulative return in cash totals $69,514.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,167/mo property income versus a $546/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Multi Family
Built in 1890
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47001, Aurora, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,472 (100%) |
| Owner Occupied HU | 3,240 (72.5%) |
| Renter Occupied HU | 844 (18.9%) |
| Vacant Housing Units | 388 ( 8.7%) |
| Median Home Value | $213,898 |
| Average Home Value | $248,906 |
Residential
4,351
Single Family
4,282
Multi-Family
69
Businesses
296
Date | Event | Price |
|---|---|---|
| 2025-07-15 | Listed for sale | $111,600 |
| 2021-08-17 | Listing removed | N/A |
| 2021-08-16 | Listed for sale | $79,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-16 | $1020.00 | -19.81% | $51,000 | N/A |
| 2023-07-16 | $1272.00 | 7.61% | $51,000 | -19.81% |
| 2022-07-16 | $1182.00 | N/A | $63,600 | 7.61% |
Listed by: Deena Owens • Pinnacle Real Estate And Inves
Mls Name: SEIBR
Mls ID: #203309
Disclaimer: Copyright Southeastern Indiana Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.
