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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 Lapel at 725 Central Ave, Lapel, IN, 46051 listed at $130,500 pairs $1,459/mo rent with a $639/mo payment to leave $642/mo cash flow. Total monthly income runs $1,459/mo, and annual cash flow reaches $7,701/yr on $43,261 cash to close. Return on cash invested measures 37.71% in year one, and rental yield registers 13.42% at a $130,500 basis. Equity gained on principal adds $842/yr, and annual property appreciation at 5% supports $36,055 by year five. Five-year ROI tracks 198.42% and total cumulative return in cash totals $85,840. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,459/mo property income relative to a $639/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1910
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 |
|---|---|---|
| 2024-11-28 | Listing removed | $176,900 |
| 2024-10-23 | Price change | $176,900 |
| 2024-08-23 | Listed for sale | $179,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-24 | $1486.48 | 1.89% | $81,000 | 9.31% |
| 2023-10-24 | $1458.96 | 7.36% | $74,100 | 1.93% |
| 2022-10-24 | $1358.92 | 5.10% | $72,700 | 7.39% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
