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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 French Lick at 724 S Virginia Ave, French Lick, IN, 47432 offers a 6.58% rental yield on a $205,000 purchase with $1,124/mo rent. 64% in year one. Equity gained on principal adds $1,323/yr while 5% annual appreciation supports $56,638 over five years. Portfolio math shows five-year ROI at 90.59% and total cumulative return in cash at $61,566. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,124/mo property income against a $1,003/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1915
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47432, French Lick, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,152 (100%) |
| Owner Occupied HU | 1,401 (65.1%) |
| Renter Occupied HU | 481 (22.4%) |
| Vacant Housing Units | 270 (12.5%) |
| Median Home Value | $171,228 |
| Average Home Value | $188,499 |
Residential
1,950
Single Family
1,872
Multi-Family
78
Businesses
142
Date | Event | Price |
|---|---|---|
| 2025-06-09 | Sold | $205,000 |
| 2025-05-20 | Pending sale | $219,000 |
| 2025-05-20 | Listed for sale | $219,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-02 | $1972.40 | 8.49% | $122,600 | 24.97% |
| 2023-11-02 | $1818.06 | 13.82% | $98,100 | 8.16% |
| 2022-11-02 | $1597.32 | 5.84% | $90,700 | 13.94% |
Listed by: Chris Burton • Brooks Galloway Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518564
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.
