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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 French Lick at 7358 S Meadows Ln, French Lick, IN, 47432 generates $1,980/mo in rent and, after a $1,297/mo payment, leaves $389/mo in cash flow. Total monthly income is $1,980/mo, and annual cash flow is $4,671/yr on $87,848 invested. Return on cash invested sits at 25.23% in year one, and rental yield is 8.97% on a $265,000 entry. Equity gained on principal adds $1,710/yr, while 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 131.14% and total cumulative return in cash sums $115,203. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,980/mo property income rather than buyer’s personal income.
Single Family
Built in 2022
1 Acres 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 |
|---|---|---|
| 2024-09-10 | Listed for sale | $265,000 |
| 2019-10-23 | Sold | $122,500 |
| 2019-05-23 | Price change | $135,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $631.60 | 18.39% | $170,100 | 47.40% |
| 2022-10-15 | $533.48 | -57.39% | $115,400 | 13.81% |
| 2021-10-15 | $1252.02 | 152.96% | $101,400 | 29.83% |
Listed by: Mabel m Wininger • Key Associates Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202434772
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.
