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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 Avon at 603 Ophelia Dr, Avon, IN, 46123 priced at $399,900 converts $2,990/mo rent into $542/mo cash flow after a $1,957/mo obligation. Total monthly income equals $2,990/mo, and annual cash flow totals $6,502/yr on $132,567 invested. Return on cash invested prints 24.81% in year one, and rental yield reads 8.97% against a $399,900 entry. Equity gained on principal adds $2,580/yr, while 5% annual appreciation compiles into $110,485 by year five. Five-year ROI reaches 129.05% and total cumulative return in cash sums $171,080. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,990/mo property income covering a $1,957/mo payment, not borrower’s personal income.
Single Family
Built in 1994
0.38 Acres lot
$N/A/sqft
$75 annually HOA
Neighborhood data shown for ZIP Code: 46123, Avon, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,638 (100%) |
| Owner Occupied HU | 12,897 (77.5%) |
| Renter Occupied HU | 3,116 (18.7%) |
| Vacant Housing Units | 625 ( 3.8%) |
| Median Home Value | $326,962 |
| Average Home Value | $336,322 |
Residential
16,424
Single Family
15,189
Multi-Family
1,235
Businesses
779
Date | Event | Price |
|---|---|---|
| 2025-07-14 | Sold | $399,900 |
| 2025-06-06 | Pending sale | $399,900 |
| 2025-05-29 | Price change | $399,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-21 | $3817.06 | 1.41% | $361,500 | 6.42% |
| 2023-10-21 | $3763.98 | 17.71% | $339,700 | 2.23% |
| 2022-10-21 | $3197.62 | 6.34% | $332,300 | 17.84% |
What's Special
Access Only
Listed by: Katie Malott • Berkshire Hathaway Home
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22005199
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-21 04:28:20 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)
