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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 Lapel at 724 Central Ave, Lapel, IN, 46051 generates $1,409/mo in rent and, after a $905/mo payment, leaves $299/mo in cash flow. Total monthly income is $1,409/mo, and annual cash flow is $3,588/yr on $61,328 invested. Return on cash invested sits at 25.76% in year one, and rental yield is 9.14% on a $185,000 entry. Equity gained on principal adds $1,194/yr, while 5% annual appreciation builds toward $51,112 over five years. Five-year ROI reaches 133.94% and total cumulative return in cash sums $82,143. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,409/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46051, Lapel, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,213 (100%) |
| Owner Occupied HU | 900 (74.2%) |
| Renter Occupied HU | 233 (19.2%) |
| Vacant Housing Units | 80 ( 6.6%) |
| Median Home Value | $202,358 |
| Average Home Value | $233,233 |
Residential
840
Single Family
840
Multi-Family
0
Businesses
102
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: Wade Williams • Trueblood Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22059819
