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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 Grandview at 609 9th St, Grandview, IN, 47615 generates $1,836/mo in rent and, after a $974/mo payment, leaves $641/mo in cash flow. Total monthly income is $1,836/mo, and annual cash flow is $7,697/yr on $65,969 invested. Return on cash invested sits at 31.58% in year one, and rental yield is 11.07% on a $199,000 entry. Equity gained on principal adds $1,284/yr, while 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 165.22% and total cumulative return in cash sums $108,990. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,836/mo property income rather than buyer’s personal income.
Single Family
Built in 1999
N/A lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47615, Grandview, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 657 (100%) |
| Owner Occupied HU | 494 (75.2%) |
| Renter Occupied HU | 98 (14.9%) |
| Vacant Housing Units | 65 ( 9.9%) |
| Median Home Value | $215,351 |
| Average Home Value | $249,423 |
Residential
602
Single Family
602
Multi-Family
0
Businesses
19
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Patricia Seibert • Indiana Realty Group
Mls Name: My State MLS
Mls ID: #11536413
