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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 Somerset at 63 W Elm St, Somerset, IN, 46984 priced at $257,500 converts $2,124/mo rent into $579/mo cash flow after a $1,260/mo obligation. Total monthly income equals $2,124/mo, and annual cash flow totals $6,943/yr on $85,361 invested. Return on cash invested prints 28.04% in year one, and rental yield reads 9.9% against a $257,500 entry. Equity gained on principal adds $1,662/yr, while 5% annual appreciation compiles into $71,143 by year five. Five-year ROI reaches 146.22% and total cumulative return in cash sums $124,813. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,124/mo property income covering a $1,260/mo payment, not borrower’s personal income.
Single Family
Built in 1996
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46984, Somerset, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | |
| Owner Occupied HU | |
| Renter Occupied HU | |
| Vacant Housing Units | |
| Median Home Value | |
| Average Home Value |
Residential
1
Single Family
1
Multi-Family
0
Businesses
11
Date | Event | Price |
|---|---|---|
| 2025-10-01 | Sold | $257,500 |
| 2025-09-26 | Pending sale | $257,500 |
| 2025-09-03 | Listed for sale | $257,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-08 | $530.30 | 32.46% | $191,500 | 0.84% |
| 2023-10-08 | $400.36 | 34.14% | $189,900 | 10.60% |
| 2022-10-08 | $298.46 | 21.45% | $171,700 | 14.85% |
What's Special
Pull Down Stairs
Listed by: Stacia Bonifant • Creative Realty - Peru
Mls Name: IRMLS
Mls Provider:
Mls ID: #202535449
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.
