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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 Ellettsville at 7388 W Walker Ln, Ellettsville, IN, 47429 offers a 10.83% rental yield on a $275,000 purchase with $2,482/mo rent. Total monthly income registers $2,482/mo, and a $1,346/mo payment leaves $831/mo available for distribution. Annual cash flow reaches $9,975/yr on $91,163 to close, and return on cash invested stands at 30.85% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 161.32% and total cumulative return in cash at $147,059. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,482/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
2 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47429, Ellettsville, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,306 (100%) |
| Owner Occupied HU | 2,560 (77.4%) |
| Renter Occupied HU | 615 (18.6%) |
| Vacant Housing Units | 131 ( 4.0%) |
| Median Home Value | $281,209 |
| Average Home Value | $306,251 |
Residential
3,359
Single Family
3,286
Multi-Family
73
Businesses
162
Date | Event | Price |
|---|---|---|
| 2025-04-03 | Listed for sale | $275,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-08 | $644.96 | 2.00% | $190,900 | 7.01% |
| 2023-04-08 | $632.32 | 2.00% | $178,400 | 12.98% |
| 2022-04-08 | $619.92 | 2.00% | $157,900 | 9.20% |
Listed by: Flavia Burrell • RE/MAX Realty Professionals
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511228
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.
