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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 Spencer at 7367 Addie Rd, Spencer, IN, 47460 priced at $355,000 pairs $2,351/mo rent with after a $1,738/mo payment. Total monthly income equals $2,351/mo. Return on cash invested is 19.7% in year one, and rental yield stands at 7.95% on a $355,000 basis. Equity gained on principal adds $2,291/yr, and 5% annual appreciation accumulates to $98,080 by year five. Five-year ROI measures 102.38% and total cumulative return in cash reaches $120,480. For financing, Ziffy Mortgage’s DSCR program evaluates $2,351/mo property income against a $1,738/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1988
5.49 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 |
|---|---|---|
| 2025-05-20 | Sold | $355,000 |
| 2025-05-06 | Pending sale | $365,000 |
| 2025-04-30 | Price change | $365,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-22 | $5822.84 | -2.45% | $428,800 | 5.67% |
| 2023-10-22 | $5968.88 | 9.84% | $405,800 | 4.40% |
| 2022-10-22 | $5434.12 | 8.10% | $388,700 | 24.58% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
