








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 Ossian at 5822 E North St, Ossian, IN, 46777 uses $58,013 cash to close to unlock $6,480/yr annual cash flow and $540/mo monthly cash flow. Total monthly income runs $1,591/mo, and a $857/mo payment keeps the spread at $540/mo. Purchase price stands at $175,000, and rental yield measures 10.91% with $1,591/mo rent. Return on cash invested shows 31.08% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 162.6% and total cumulative return in cash records $94,327. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,591/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1900
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46777, Ossian, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,731 (100%) |
| Owner Occupied HU | 2,141 (78.4%) |
| Renter Occupied HU | 428 (15.7%) |
| Vacant Housing Units | 162 ( 5.9%) |
| Median Home Value | $227,960 |
| Average Home Value | $267,226 |
Residential
2,606
Single Family
2,547
Multi-Family
59
Businesses
128
Date | Event | Price |
|---|---|---|
| 2024-10-30 | Sold | $175,000 |
| 2024-10-18 | Pending sale | $175,000 |
| 2024-10-03 | Listed for sale | $175,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | $754.68 | 21.56% | $173,400 | 13.04% |
| 2023-11-01 | $620.82 | 12.51% | $153,400 | 15.95% |
| 2022-11-01 | $551.78 | 39.86% | $132,300 | 6.95% |



Listed by: Samual Haiflich • BKM Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202438331
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.