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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 Otterbein at 6653 N Main St, Otterbein, IN, 47970 listed at $102,300 pairs $1,607/mo rent with a $501/mo payment to leave $993/mo cash flow. Total monthly income runs $1,607/mo, and annual cash flow reaches $11,911/yr on $33,912 cash to close. Return on cash invested measures 55.03% in year one, and rental yield registers 18.85% at a $102,300 basis. Equity gained on principal adds $660/yr, and annual property appreciation at 5% supports $28,264 by year five. Five-year ROI tracks 290.99% and total cumulative return in cash totals $98,682. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,607/mo property income relative to a $501/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1960
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47970, Otterbein, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 749 (100%) |
| Owner Occupied HU | 519 (69.3%) |
| Renter Occupied HU | 153 (20.4%) |
| Vacant Housing Units | 77 (10.3%) |
| Median Home Value | $211,735 |
| Average Home Value | $255,217 |
Residential
572
Single Family
572
Multi-Family
0
Businesses
46
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $193.78 | 16.13% | $53,100 | -2.03% |
| 2023-10-24 | $166.86 | 10.81% | $54,200 | 1.69% |
| 2022-10-24 | $150.58 | 13.49% | $53,300 | 8.11% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
