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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 Spencer at 6294 Rattlesnake Rd, Spencer, IN, 47460 listed at $310,000 pairs $2,638/mo rent with a $1,517/mo payment to leave $777/mo cash flow. Total monthly income runs $2,638/mo, and annual cash flow reaches $9,329/yr on $102,765 cash to close. Return on cash invested measures 28.99% in year one, and rental yield registers 10.21% at a $310,000 basis. Equity gained on principal adds $2,000/yr, and annual property appreciation at 5% supports $85,647 by year five. Five-year ROI tracks 151.3% and total cumulative return in cash totals $155,479. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,638/mo property income relative to a $1,517/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1993
6 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47460, Spencer, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,190 (100%) |
| Owner Occupied HU | 3,784 (72.9%) |
| Renter Occupied HU | 949 (18.3%) |
| Vacant Housing Units | 457 ( 8.8%) |
| Median Home Value | $187,057 |
| Average Home Value | $214,772 |
Residential
4,901
Single Family
4,899
Multi-Family
2
Businesses
417
Date | Event | Price |
|---|---|---|
| 2025-08-01 | Sold | $310,000 |
| 2025-07-26 | Pending sale | $335,000 |
| 2025-05-22 | Price change | $335,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $361.74 | 0.91% | $26,000 | N/A |
| 2023-10-22 | $358.48 | -12.04% | $26,000 | 8.33% |
| 2022-10-22 | $407.56 | 17.07% | $24,000 | N/A |
Listed by: Carrie Parrish • Carpenter, REALTORS-Bloomington
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509753
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.
