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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 655 W Thornridge Way, Spencer, IN, 47460 at $365,000 posts ROI 22.02% with $212/mo cash flow from $2,403/mo rent. Total monthly income equals $2,403/mo, and annual cash flow records $2,550/yr on $120,998 to close. Return on cash invested measures 22.02% and rental yield reads 7.9% at the current $365,000. Equity gained on principal adds $2,355/yr, and 5% annual appreciation supports $100,843 by year five. Five-year ROI prints 113.9% and total cumulative return in cash totals $137,815.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,403/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 2021
0.28 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Jeremy English • English Realty Group
Mls Name: IRMLS
Mls ID: #202528871
