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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 Spencer at 510 E Franklin St, Spencer, IN, 47460 listed at $205,000 pairs $1,576/mo rent with a $1,003/mo payment to leave $274/mo cash flow. Total monthly income runs $1,576/mo, and annual cash flow reaches $3,282/yr on $67,958 cash to close. Return on cash invested measures 24.74% in year one, and rental yield registers 9.23% at a $205,000 basis. Equity gained on principal adds $1,323/yr, and annual property appreciation at 5% supports $56,638 by year five. Five-year ROI tracks 128.97% and total cumulative return in cash totals $87,642. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,576/mo property income relative to a $1,003/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1950
0.84 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47460, Spencer, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,190 (100%) |
| Owner Occupied HU | 3,784 (72.9%) |
| Renter Occupied HU | 949 (18.3%) |
| Vacant Housing Units | 457 ( 8.8%) |
| Median Home Value | $187,057 |
| Average Home Value | $214,772 |
Residential
4,901
Single Family
4,899
Multi-Family
2
Businesses
417
Date | Event | Price |
|---|---|---|
| 2024-10-23 | Listing removed | $290,000 |
| 2024-09-14 | Listed for sale | $290,000 |
| 2024-06-12 | Listing removed | $295,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $2568.00 | 20.68% | $135,400 | 5.45% |
| 2023-10-22 | $2128.00 | -6.75% | $128,400 | 20.68% |
| 2022-10-22 | $2282.00 | N/A | $106,400 | -6.75% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
