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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 Mulberry at 5979 W State Route 38, Mulberry, IN, 46058 listed at $229,000 pairs $0/mo rent with a $1,121/mo payment. Total monthly income runs $0/mo. Return on cash invested measures -1.82% in year one, and rental yield registers 0% at a $229,000 basis. Equity gained on principal adds $1,478/yr, and annual property appreciation at 5% supports $63,268 by year five. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $0/mo property income relative to a $1,121/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1981
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46058, Mulberry, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 900 (100%) |
| Owner Occupied HU | 669 (74.3%) |
| Renter Occupied HU | 139 (15.4%) |
| Vacant Housing Units | 92 (10.2%) |
| Median Home Value | $241,164 |
| Average Home Value | $344,062 |
Residential
517
Single Family
489
Multi-Family
28
Businesses
34
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
No similar rental properties found nearby.
Listed by: Alaina Wastl • Alaina Wastl
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22067263
