Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 French Lick at 615 S Adams Street, French Lick, IN, 47432 priced at $179,000 converts $1,123/mo rent into $49/mo cash flow after a $876/mo obligation. Total monthly income equals $1,123/mo, and annual cash flow totals $583/yr on $59,339 invested. Return on cash invested prints 20.89% in year one, and rental yield reads 7.53% against a $179,000 entry. Equity gained on principal adds $1,155/yr, while 5% annual appreciation compiles into $49,454 by year five. Five-year ROI reaches 107.89% and total cumulative return in cash sums $64,023. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,123/mo property income covering a $876/mo payment, not borrower’s personal income.
Single Family
Built in 1927
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47432, French Lick, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,152 (100%) |
| Owner Occupied HU | 1,401 (65.1%) |
| Renter Occupied HU | 481 (22.4%) |
| Vacant Housing Units | 270 (12.5%) |
| Median Home Value | $171,228 |
| Average Home Value | $188,499 |
Residential
1,950
Single Family
1,872
Multi-Family
78
Businesses
142
Date | Event | Price |
|---|---|---|
| 2025-07-24 | Sold | $179,000 |
| 2025-06-17 | Listed for sale | $179,900 |
| 2022-03-07 | Sold | $143,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-30 | $909.16 | 90.44% | $109,200 | 8.01% |
| 2023-10-30 | $477.40 | -60.93% | $101,100 | 26.85% |
| 2022-10-30 | $1222.00 | 5.16% | $79,700 | 30.44% |
Listed by: Bethany Ballard • RE/MAX FIRST
Mls Name: SIRA
Mls Provider:
Mls ID: #202508840
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.
