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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 Spencer at 5836 Three Oaks Ln, Spencer, IN, 47460 offers $3,126/mo rent that, after a $2,545/mo payment, leaves $5/mo cash flow. Total monthly income is $3,126/mo, and annual cash flow is $56/yr on $171,080 cash. Return on cash invested measures 20.09% in year one, and rental yield stands at 7.21% at a $520,000 entry. Equity gained on principal adds $3,355/yr while 5% annual appreciation compounds into $143,666 by year five. Five-year ROI records 103.55% and total cumulative return in cash reaches $177,155. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $3,126/mo property income versus a $2,545/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2005
20.07 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 |
|---|---|---|
| 2024-11-01 | Sold | $520,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $1935.40 | -28.74% | $259,800 | 1.48% |
| 2023-10-22 | $2716.08 | 16.23% | $256,000 | -17.45% |
| 2022-10-22 | $2336.76 | 7.66% | $310,100 | 26.11% |
Listed by: Cody Coffey • United Country Coffey Realty & Auction
Mls Name: IRMLS
Mls Provider:
Mls ID: #202432346
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.
