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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 French Lick at 687 S Maple St, French Lick, IN, 47432 listed at $244,900 pairs $1,692/mo rent with a $1,199/mo payment to leave $164/mo cash flow. Total monthly income runs $1,692/mo, and annual cash flow reaches $1,963/yr on $81,184 cash to close. Return on cash invested measures 22.33% in year one, and rental yield registers 8.29% at a $244,900 basis. Equity gained on principal adds $1,580/yr, and annual property appreciation at 5% supports $67,661 by year five. Five-year ROI tracks 115.9% and total cumulative return in cash totals $94,097. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,692/mo property income relative to a $1,199/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47432, French Lick, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,152 (100%) |
| Owner Occupied HU | 1,401 (65.1%) |
| Renter Occupied HU | 481 (22.4%) |
| Vacant Housing Units | 270 (12.5%) |
| Median Home Value | $171,228 |
| Average Home Value | $188,499 |
Residential
1,950
Single Family
1,872
Multi-Family
78
Businesses
142
Date | Event | Price |
|---|---|---|
| 2024-09-14 | Listed for sale | $244,900 |
| 2024-08-21 | Listing removed | $244,900 |
| 2024-05-01 | Price change | $250,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $2728.00 | 19.96% | $147,600 | 8.21% |
| 2022-10-15 | $2274.00 | 5.47% | $136,400 | 19.96% |
| 2021-10-15 | $2156.00 | -1.28% | $113,700 | 5.47% |
Listed by: Brad Whittaker • Century 21 Scheetz - Bloomington
Mls Name: IRMLS
Mls Provider:
Mls ID: #202341715
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.
