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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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No similar rental properties found nearby.
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 Lexington at 5462 E Mockingbird Ln, Lexington, IN, 47138 priced at $219,000 converts $0/mo rent into after a $1,072/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -1.82% in year one, and rental yield reads 0% against a $219,000 entry. Equity gained on principal adds $1,413/yr, while 5% annual appreciation compiles into $60,506 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $1,072/mo payment, not borrower’s personal income.
Manufactured
Built in 2002
3.89 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47138, Lexington, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,831 (100%) |
| Owner Occupied HU | 1,399 (76.4%) |
| Renter Occupied HU | 246 (13.4%) |
| Vacant Housing Units | 186 (10.2%) |
| Median Home Value | $228,234 |
| Average Home Value | $260,795 |
Residential
1,935
Single Family
1,935
Multi-Family
0
Businesses
40
Date | Event | Price |
|---|---|---|
| 2025-07-09 | Listed for sale | $219,000 |
| 2025-07-09 | Listing removed | $219,000 |
| 2025-05-12 | Listed for sale | $219,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-10 | $1534.22 | 1.19% | $189,500 | 0.91% |
| 2023-07-10 | $1516.20 | 121.08% | $187,800 | 1.79% |
| 2022-07-10 | $685.82 | -41.79% | $184,500 | 76.39% |
No similar rental properties found nearby.
Listed by: Casey Elkins • Kovener & Associates Real Esta
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22049700
Disclaimer: Based on information submitted to the MLS GRID as of 2025-07-10 07:37:53 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)
