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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 Fairmount at 675 E 975th Rd S, Fairmount, IN, 46928 generates $396/mo in rent, after a $1,233/mo payment. Total monthly income is $396/mo. Return on cash invested sits at 3.87% in year one, and rental yield is 1.89% on a $251,900 entry. Equity gained on principal adds $1,625/yr, while 5% annual appreciation builds toward $69,595 over five years. Five-year ROI reaches 16.58% and total cumulative return in cash sums $13,842. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $396/mo property income rather than buyer’s personal income.
Manufactured
Built in 1994
0.98 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46928, Fairmount, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,077 (100%) |
| Owner Occupied HU | 1,510 (72.7%) |
| Renter Occupied HU | 394 (19.0%) |
| Vacant Housing Units | 173 ( 8.3%) |
| Median Home Value | $142,808 |
| Average Home Value | $185,599 |
Residential
1,998
Single Family
1,960
Multi-Family
38
Businesses
120
Date | Event | Price |
|---|---|---|
| 2025-04-05 | Listed for sale | $251,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
What's Special
Pull Down Stairs
Listed by: Shannon L Decker-Young • House Hunters Real Estate LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511483
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.
