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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 Chalmers at 706 E Columbia St, Chalmers, IN, 47929 offers $1,949/mo rent that, after a $1,111/mo payment, leaves $586/mo cash flow. Total monthly income is $1,949/mo, and annual cash flow is $7,037/yr on $75,251 cash. Return on cash invested measures 29.26% in year one, and rental yield stands at 10.3% at a $227,000 entry. Equity gained on principal adds $1,465/yr while 5% annual appreciation compounds into $62,716 by year five. Five-year ROI records 152.79% and total cumulative return in cash reaches $114,973. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,949/mo property income versus a $1,111/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
0.58 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47929, Chalmers, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 341 (100%) |
| Owner Occupied HU | 255 (74.8%) |
| Renter Occupied HU | 56 (16.4%) |
| Vacant Housing Units | 30 ( 8.8%) |
| Median Home Value | $196,759 |
| Average Home Value | $223,284 |
Residential
200
Single Family
200
Multi-Family
0
Businesses
21
Date | Event | Price |
|---|---|---|
| 2025-07-14 | Sold | $227,000 |
| 2025-06-09 | Pending sale | $229,000 |
| 2025-06-04 | Listed for sale | $229,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-13 | $1100.44 | -6.38% | $165,400 | 6.50% |
| 2023-10-13 | $1175.48 | 16.45% | $155,300 | N/A |
| 2022-10-13 | $1009.44 | 41.79% | $155,300 | 11.57% |
Listed by: Zachary Purdy • Berkshire Hathaway Home
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22042016
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-12 23:08:15 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
