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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 Plainfield at 5982 Blue Heron Way, Plainfield, IN, 46168 priced at $289,900 converts $2,174/mo rent into $367/mo cash flow after a $1,419/mo obligation. Total monthly income equals $2,174/mo, and annual cash flow totals $4,404/yr on $96,102 invested. Return on cash invested prints 24.49% in year one, and rental yield reads 9% against a $289,900 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,094 by year five. Five-year ROI reaches 127.52% and total cumulative return in cash sums $122,553. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,174/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Condo
Built in 1999
6,534 sqft lot
$N/A/sqft
$400 semi-annually HOA
Neighborhood data shown for ZIP Code: 46168, Plainfield, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,473 (100%) |
| Owner Occupied HU | 10,797 (65.5%) |
| Renter Occupied HU | 4,993 (30.3%) |
| Vacant Housing Units | 683 ( 4.1%) |
| Median Home Value | $287,004 |
| Average Home Value | $304,001 |
Residential
16,117
Single Family
14,534
Multi-Family
1,583
Businesses
1,370
Date | Event | Price |
|---|---|---|
| 2025-04-29 | Listed for sale | $289,900 |
| 2018-02-26 | Sold | $148,000 |
| 2018-01-15 | Pending sale | $159,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-30 | $1694.96 | -5.68% | $210,200 | 4.94% |
| 2023-04-30 | $1797.02 | 18.94% | $200,300 | 4.87% |
| 2022-04-30 | $1510.88 | 16.57% | $191,000 | 15.76% |
Listed by: Mike Ellis • Ellis & Associates
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22035160
Disclaimer: Based on information submitted to the MLS GRID as of 2025-04-30 07:52:51 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
