







No similar rental properties found nearby.

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 736 Freeman Rd, Spencer, IN, 47460 with 5% annual appreciation on a $419,900 basis while $0/mo rent supports operations. 82% in year one. Equity gained on principal adds $2,710/yr, and five-year appreciation sums $116,011 alongside rental yield of 0%. Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $0/mo property income versus a $2,055/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1942
5.18 Acres lot
$N/A/sqft
No 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 |
|---|---|---|
| 2025-06-27 | Listed for sale | $419,900 |
| 2025-02-07 | Sold | $346,000 |
| 2024-11-19 | Pending sale | $375,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-30 | $498.44 | 18.62% | $39,100 | 19.94% |
| 2023-06-30 | $420.20 | 3.57% | $32,600 | 26.85% |
| 2022-06-30 | $405.72 | 3.59% | $25,700 | 16.29% |
No similar rental properties found nearby.



Listed by: Debbie Foutch • Owen County Home Company
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524899
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.