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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% |
Investment property for sale in Petersburg at 623 S Hickory Ln, Petersburg, IN, 47567 listed at $199,900 pairs $1,882/mo rent with a $978/mo payment to leave $682/mo cash flow. Total monthly income runs $1,882/mo, and annual cash flow reaches $8,189/yr on $66,267 cash to close. Return on cash invested measures 32.27% in year one, and rental yield registers 11.3% at a $199,900 basis. Equity gained on principal adds $1,290/yr, and annual property appreciation at 5% supports $55,229 by year five. Five-year ROI tracks 168.92% and total cumulative return in cash totals $111,937. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,882/mo property income relative to a $978/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1977
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47567, Petersburg, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,619 (100%) |
| Owner Occupied HU | 1,818 (69.4%) |
| Renter Occupied HU | 503 (19.2%) |
| Vacant Housing Units | 298 (11.4%) |
| Median Home Value | $175,641 |
| Average Home Value | $200,881 |
Residential
2,477
Single Family
2,441
Multi-Family
36
Businesses
223
Date | Event | Price |
|---|---|---|
| 2025-06-18 | Sold | $199,900 |
| 2025-05-21 | Pending sale | $199,900 |
| 2025-05-19 | Listed for sale | $199,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-02 | $1488.00 | -41.12% | $159,400 | 7.56% |
| 2023-11-02 | $2527.00 | 9.63% | $148,200 | 17.43% |
| 2022-11-02 | $2305.00 | 1.86% | $126,200 | 9.64% |
Listed by: Adam Boyd • BOYD REALTY & DEVELOPMENT LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518421
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.
