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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 5920 N Us Highway 231, Spencer, IN, 47460 offers a 8.6% rental yield on a $354,900 purchase with $2,544/mo rent. Total monthly income registers $2,544/mo, and a $1,737/mo payment leaves $414/mo available for distribution. Annual cash flow reaches $4,964/yr on $117,649 to close, and return on cash invested stands at 24.13% in year one. Equity gained on principal adds $2,290/yr while 5% annual appreciation supports $98,052 over five years. Portfolio math shows five-year ROI at 125.23% and total cumulative return in cash at $147,328. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,544/mo property income against a $1,737/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
0.90 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 |
|---|---|---|
| 2024-11-05 | Sold | $354,900 |
| 2024-10-04 | Pending sale | $349,900 |
| 2024-09-10 | Price change | $349,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $1616.96 | -7.57% | $265,000 | 9.64% |
| 2023-10-22 | $1749.30 | -35.74% | $241,700 | 5.18% |
| 2022-10-22 | $2722.20 | 134.02% | $229,800 | 43.36% |
Listed by: Beth Walden • Seasons of Indiana Real Estate LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202420931
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.
