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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 Andrews at 63 E McKeever St, Andrews, IN, 46702 priced at $220,000 converts $1,531/mo rent into $210/mo cash flow after a $1,077/mo obligation. Total monthly income equals $1,531/mo, and annual cash flow totals $2,522/yr on $72,930 invested. Return on cash invested prints 23.37% in year one, and rental yield reads 8.35% against a $220,000 entry. Equity gained on principal adds $1,420/yr, while 5% annual appreciation compiles into $60,782 by year five. Five-year ROI reaches 121.2% and total cumulative return in cash sums $88,391. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,531/mo property income covering a $1,077/mo payment, not borrower’s personal income.
Single Family
Built in 1900
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46702, Andrews, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 956 (100%) |
| Owner Occupied HU | 708 (74.1%) |
| Renter Occupied HU | 139 (14.5%) |
| Vacant Housing Units | 109 (11.4%) |
| Median Home Value | $245,000 |
| Average Home Value | $276,691 |
Residential
788
Single Family
763
Multi-Family
25
Businesses
35
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: Ashley Lopez • Moving Real Estate
Mls Name: IRMLS
Mls ID: #202541303
