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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 Flora at 702 S 3rd St, Flora, IN, 46929 offers a 13.1% rental yield on a $215,000 purchase with $2,347/mo rent. Total monthly income registers $2,347/mo, and a $1,052/mo payment leaves $1,057/mo available for distribution. Annual cash flow reaches $12,681/yr on $71,273 to close, and return on cash invested stands at 37.7% in year one. Equity gained on principal adds $1,387/yr while 5% annual appreciation supports $59,401 over five years. Portfolio math shows five-year ROI at 198% and total cumulative return in cash at $141,121. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,347/mo property income against a $1,052/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1994
1 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46929, Flora, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,414 (100%) |
| Owner Occupied HU | 1,005 (71.1%) |
| Renter Occupied HU | 315 (22.3%) |
| Vacant Housing Units | 94 ( 6.6%) |
| Median Home Value | $183,468 |
| Average Home Value | $226,652 |
Residential
1,365
Single Family
1,274
Multi-Family
91
Businesses
135
Date | Event | Price |
|---|---|---|
| 2025-07-09 | Sold | $215,000 |
| 2025-06-05 | Pending sale | $199,900 |
| 2025-05-20 | Listed for sale | $199,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-02 | $477.26 | 9.16% | $152,400 | 27.64% |
| 2023-11-02 | $437.22 | 22.26% | $119,400 | 11.59% |
| 2022-11-02 | $357.62 | -0.44% | $107,000 | 16.05% |
Listed by: Joan Abbott • Joan Abbott Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518565
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.
