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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 Straughn at 5096 Polk St, Straughn, IN, 47387 uses $33,150 cash to close to unlock $2,294/yr annual cash flow and $191/mo monthly cash flow. Total monthly income runs $791/mo, and a $489/mo payment keeps the spread at $191/mo. Purchase price stands at $100,000, and rental yield measures 9.49% with $791/mo rent. Return on cash invested shows 26.83% in year one, and 5% annual appreciation builds toward $27,628 over five years. Five-year ROI reaches 139.85% and total cumulative return in cash records $46,360. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $791/mo property income covering a $489/mo payment rather than investor’s personal income.
Single Family
Built in 1825
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47387, Straughn, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 376 (100%) |
| Owner Occupied HU | 287 (76.3%) |
| Renter Occupied HU | 64 (17.0%) |
| Vacant Housing Units | 25 ( 6.6%) |
| Median Home Value | $214,881 |
| Average Home Value | $290,226 |
Residential
176
Single Family
176
Multi-Family
0
Businesses
9
Date | Event | Price |
|---|---|---|
| 2024-10-09 | Listed for sale | $100,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $689.48 | 6.84% | $87,800 | 15.83% |
| 2022-10-15 | $645.36 | 4.25% | $75,800 | 7.98% |
| 2021-10-15 | $619.04 | 77.54% | $70,200 | N/A |
Listed by: Gabi Sorrell • ERA Integrity Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202439217
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.
