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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 Spencer at 7266 Locust Lake West Dr, Spencer, IN, 47460 at $271,500 posts ROI 26.17% with $470/mo cash flow from $2,136/mo rent. Total monthly income equals $2,136/mo, and annual cash flow records $5,638/yr on $90,002 to close. Return on cash invested measures 26.17% and rental yield reads 9.44% at the current $271,500. Equity gained on principal adds $1,752/yr, and 5% annual appreciation supports $75,010 by year five. Five-year ROI prints 136.36% and total cumulative return in cash totals $122,728.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,136/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1965
0.32 Acres lot
$N/A/sqft
$435 annually HOA
Neighborhood data shown for ZIP Code: 47460, Spencer, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,190 (100%) |
| Owner Occupied HU | 3,784 (72.9%) |
| Renter Occupied HU | 949 (18.3%) |
| Vacant Housing Units | 457 ( 8.8%) |
| Median Home Value | $187,057 |
| Average Home Value | $214,772 |
Residential
4,901
Single Family
4,899
Multi-Family
2
Businesses
417
Date | Event | Price |
|---|---|---|
| 2025-05-28 | Sold | $271,500 |
| 2025-04-29 | Pending sale | $269,000 |
| 2025-04-09 | Listed for sale | $269,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $25.04 | -11.77% | $1,800 | N/A |
| 2023-10-22 | $28.38 | -7.13% | $1,800 | -5.26% |
| 2022-10-22 | $30.56 | 1.46% | $1,900 | 5.56% |
What's Special
Pull Down Stairs
Listed by: Corey Mauder • CENTURY 21 Scheetz
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22031630
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-22 05:23:12 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)
