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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 Ferdinand at 631 Cardinal Dr, Ferdinand, IN, 47532 at $340,000 posts ROI 28% with $760/mo cash flow from $2,801/mo rent. Total monthly income equals $2,801/mo, and annual cash flow records $9,122/yr on $112,710 to close. Return on cash invested measures 28% and rental yield reads 9.89% at the current $340,000. Equity gained on principal adds $2,194/yr, and 5% annual appreciation supports $93,936 by year five. Five-year ROI prints 146.04% and total cumulative return in cash totals $164,598.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,801/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2000
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47532, Ferdinand, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,914 (100%) |
| Owner Occupied HU | 1,507 (78.7%) |
| Renter Occupied HU | 300 (15.7%) |
| Vacant Housing Units | 107 ( 5.6%) |
| Median Home Value | $278,564 |
| Average Home Value | $306,931 |
Residential
1,882
Single Family
1,882
Multi-Family
0
Businesses
164
Date | Event | Price |
|---|---|---|
| 2025-09-18 | Sold | $340,000 |
| 2025-08-18 | Pending sale | $349,900 |
| 2025-07-30 | Listed for sale | $349,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-30 | $2600.14 | -1.86% | $303,100 | 14.03% |
| 2023-10-30 | $2649.50 | 13.79% | $265,800 | 6.79% |
| 2022-10-30 | $2328.42 | 5.68% | $248,900 | 17.02% |
What's Special
Pull Down Stairs
Listed by: Brenda Krempp • RE/MAX Local
Mls Name: IRMLS
Mls Provider:
Mls ID: #202529946
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.
