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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 Ossian at 702 N Melching Dr, Ossian, IN, 46777 with 5% annual appreciation on a $140,000 basis while $1,054/mo rent supports operations. Total monthly income totals $1,054/mo and a $685/mo payment preserves $214/mo for cash returns. Annual cash flow comes to $2,566/yr on $46,410 deployed, and return on cash invested reaches 25.44% in year one. Equity gained on principal adds $903/yr, and five-year appreciation sums $38,679 alongside rental yield of 9.03%. Five-year ROI measures 132.25% and total cumulative return in cash totals $61,378.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,054/mo property income versus a $685/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1963
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46777, Ossian, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,731 (100%) |
| Owner Occupied HU | 2,141 (78.4%) |
| Renter Occupied HU | 428 (15.7%) |
| Vacant Housing Units | 162 ( 5.9%) |
| Median Home Value | $227,960 |
| Average Home Value | $267,226 |
Residential
2,606
Single Family
2,547
Multi-Family
59
Businesses
128
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: Jodi L Holloway • Coldwell Banker Holloway
Mls Name: IRMLS
Mls ID: #202536360
