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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% |
Rental property for sale in Ellettsville at 541 S Cree Ct, Ellettsville, IN, 47429 offers $1,565/mo rent that, after a $1,223/mo payment, leaves $65/mo cash flow. Total monthly income is $1,565/mo, and annual cash flow is $780/yr on $82,842 cash. Return on cash invested measures 20.85% in year one, and rental yield stands at 7.52% at a $249,900 entry. Equity gained on principal adds $1,613/yr while 5% annual appreciation compounds into $69,043 by year five. Five-year ROI records 107.7% and total cumulative return in cash reaches $89,222. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,565/mo property income versus a $1,223/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1991
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47429, Ellettsville, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,306 (100%) |
| Owner Occupied HU | 2,560 (77.4%) |
| Renter Occupied HU | 615 (18.6%) |
| Vacant Housing Units | 131 ( 4.0%) |
| Median Home Value | $281,209 |
| Average Home Value | $306,251 |
Residential
3,359
Single Family
3,286
Multi-Family
73
Businesses
162
Date | Event | Price |
|---|---|---|
| 2025-04-18 | Listed for sale | $249,900 |
| 2022-10-24 | Sold | $198,500 |
| 2022-09-28 | Contingent | $198,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-21 | $1661.94 | 142.31% | $204,000 | 4.19% |
| 2023-04-21 | $685.88 | 41.78% | $195,800 | 6.12% |
| 2022-04-21 | $483.76 | 67.51% | $184,500 | 11.75% |
Listed by: Wendy Fulkerson Kohlmeier • Trueblood Real Estate, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513530
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.
