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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 Avon at 7239 Governors Row, Avon, IN, 46123 offers $2,394/mo rent that, after a $1,493/mo payment, leaves $423/mo cash flow. Total monthly income is $2,394/mo, and annual cash flow is $5,081/yr on $101,108 cash. Return on cash invested measures 24.93% in year one, and rental yield stands at 9.42% at a $305,000 entry. Equity gained on principal adds $1,968/yr while 5% annual appreciation compounds into $84,266 by year five. Five-year ROI records 130.17% and total cumulative return in cash reaches $131,614. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,394/mo property income versus a $1,493/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Townhouse
Built in 2023
2,613 sqft lot
$N/A/sqft
$1,675 annually HOA
Neighborhood data shown for ZIP Code: 46123, Avon, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,638 (100%) |
| Owner Occupied HU | 12,897 (77.5%) |
| Renter Occupied HU | 3,116 (18.7%) |
| Vacant Housing Units | 625 ( 3.8%) |
| Median Home Value | $326,962 |
| Average Home Value | $336,322 |
Residential
16,424
Single Family
15,189
Multi-Family
1,235
Businesses
779
Date | Event | Price |
|---|---|---|
| 2025-07-08 | Listed for sale | $305,000 |
| 2025-07-06 | Listing removed | $308,000 |
| 2025-07-03 | Price change | $308,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-07-09 | $0.63 | N/A | $258,400 | 258300.00% |
| 2023-07-09 | N/A | N/A | $100 | N/A |
What's Special
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Listed by: Adejumoke Olatunji • Highgarden Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22049154
Disclaimer: Based on information submitted to the MLS GRID as of 2025-07-09 07:37:57 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)
