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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 Morgantown at 5722 N Slippery Elm Shoot Rd, Morgantown, IN, 46160 listed at $460,400 pairs $2,288/mo rent with a $2,253/mo payment. Total monthly income runs $2,288/mo. Return on cash invested measures 16.17% in year one, and rental yield registers 5.96% at a $460,400 basis. Equity gained on principal adds $2,971/yr, and annual property appreciation at 5% supports $127,200 by year five. Five-year ROI tracks 82.56% and total cumulative return in cash totals $126,007. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,288/mo property income relative to a $2,253/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1997
22.93 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46160, Morgantown, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,890 (100%) |
| Owner Occupied HU | 2,204 (76.3%) |
| Renter Occupied HU | 377 (13.0%) |
| Vacant Housing Units | 309 (10.7%) |
| Median Home Value | $254,857 |
| Average Home Value | $319,090 |
Residential
2,618
Single Family
2,618
Multi-Family
0
Businesses
119
Date | Event | Price |
|---|---|---|
| 2024-10-05 | Listing removed | $695,000 |
| 2024-05-23 | Listed for sale | $715,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-26 | $757.70 | -6.93% | $278,800 | 6.94% |
| 2023-10-26 | $814.10 | 2.65% | $260,700 | 8.85% |
| 2022-10-26 | $793.10 | 30.33% | $239,500 | 8.13% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
