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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 Cannelton at 6360 Sugar Maple Rd, Cannelton, IN, 47520 generates $1,818/mo in rent and, after a $1,370/mo payment, leaves $138/mo in cash flow. Total monthly income is $1,818/mo, and annual cash flow is $1,653/yr on $92,787 invested. Return on cash invested sits at 21.69% in year one, and rental yield is 7.79% on a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation builds toward $77,331 over five years. Five-year ROI reaches 112.16% and total cumulative return in cash sums $104,065. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,818/mo property income rather than buyer’s personal income.
Single Family
Built in 1971
15 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47520, Cannelton, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,558 (100%) |
| Owner Occupied HU | 934 (59.9%) |
| Renter Occupied HU | 387 (24.8%) |
| Vacant Housing Units | 237 (15.2%) |
| Median Home Value | $218,750 |
| Average Home Value | $251,004 |
Residential
1,481
Single Family
1,319
Multi-Family
162
Businesses
65
Date | Event | Price |
|---|---|---|
| 2025-04-14 | Listed for sale | $279,900 |
| 2020-02-21 | Listing removed | $189,000 |
| 2020-01-05 | Pending sale | $189,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-16 | $1376.52 | 12.65% | $178,200 | 12.93% |
| 2023-04-16 | $1221.90 | 8.43% | $157,800 | 3.00% |
| 2022-04-16 | $1126.88 | 45.72% | $153,200 | 22.76% |
Listed by: Cheryl Arnold • CENTURY 21 ARNOLD & ASSOCIATES
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512727
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.
