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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 5616 Patricksburg Rd, Spencer, IN, 47460 uses $66,300 cash to close to unlock $1,768/yr annual cash flow and $147/mo monthly cash flow. Total monthly income runs $1,380/mo, and a $979/mo payment keeps the spread at $147/mo. Purchase price stands at $200,000, and rental yield measures 8.28% with $1,380/mo rent. Return on cash invested shows 22.58% in year one, and 5% annual appreciation builds toward $55,256 over five years. Five-year ROI reaches 117.15% and total cumulative return in cash records $77,672. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,380/mo property income covering a $979/mo payment rather than investor’s personal income.
Single Family
Built in 1900
3.34 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 |
|---|---|---|
| 2022-08-05 | Sold | $235,000 |
| 2022-06-21 | Price change | $239,900 |
| 2022-04-27 | Listed for sale | $249,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-02 | $2044.92 | 121.89% | $250,300 | -4.47% |
| 2023-04-02 | $921.60 | 59.16% | $262,000 | 112.32% |
| 2022-04-02 | $579.04 | 8.87% | $123,400 | 27.61% |
Listed by: Christopher Stjernholm • Trelora Realty, Inc.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510605
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.
