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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 Jonesboro at 612 W 9th St, Jonesboro, IN, 46938 offers $958/mo rent that, after a $611/mo payment, leaves $209/mo cash flow. Total monthly income is $958/mo, and annual cash flow is $2,503/yr on $41,404 cash. Return on cash invested measures 25.95% in year one, and rental yield stands at 9.2% at a $124,900 entry. Equity gained on principal adds $806/yr while 5% annual appreciation compounds into $34,508 by year five. Five-year ROI records 135.05% and total cumulative return in cash reaches $55,918. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $958/mo property income versus a $611/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1963
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46938, Jonesboro, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,196 (100%) |
| Owner Occupied HU | 904 (75.6%) |
| Renter Occupied HU | 182 (15.2%) |
| Vacant Housing Units | 110 ( 9.2%) |
| Median Home Value | $133,036 |
| Average Home Value | $179,433 |
Residential
1,209
Single Family
1,209
Multi-Family
0
Businesses
28
Date | Event | Price |
|---|---|---|
| 2025-03-25 | Listed for sale | $124,900 |
| 2025-01-31 | Sold | $44,000 |
| 2025-01-09 | Pending sale | $49,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-26 | $473.60 | 2.00% | $80,200 | -3.14% |
| 2023-03-26 | $464.32 | 2.00% | $82,800 | 5.48% |
| 2022-03-26 | $455.20 | 2.00% | $78,500 | 11.03% |
Listed by: Jonah Hartsburg • Hoosier Hub Realty LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509702
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.
