Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 Lapel at 509 Tulip Tree Dr, Lapel, IN, 46051 at $294,000 posts ROI 27.1% with $584/mo cash flow from $2,384/mo rent. Total monthly income equals $2,384/mo, and annual cash flow records $7,005/yr on $97,461 to close. Return on cash invested measures 27.1% and rental yield reads 9.73% at the current $294,000. Equity gained on principal adds $1,897/yr, and 5% annual appreciation supports $81,227 by year five. Five-year ROI prints 141.3% and total cumulative return in cash totals $137,712.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,384/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2023
7,405 sqft lot
$N/A/sqft
$425 annually HOA
Neighborhood data shown for ZIP Code: 46051, Lapel, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,213 (100%) |
| Owner Occupied HU | 900 (74.2%) |
| Renter Occupied HU | 233 (19.2%) |
| Vacant Housing Units | 80 ( 6.6%) |
| Median Home Value | $202,358 |
| Average Home Value | $233,233 |
Residential
840
Single Family
840
Multi-Family
0
Businesses
102
Date | Event | Price |
|---|---|---|
| 2025-08-08 | Sold | $294,000 |
| 2025-07-07 | Pending sale | $304,999 |
| 2025-06-19 | Price change | $304,999 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-20 | N/A | N/A | $260,700 | N/A |
Listed by: Staci Woods • Keller Williams Indy Metro NE
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22036844
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-19 22:52:54 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
