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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 Jonesboro at 7689 S Wheeling Pike, Jonesboro, IN, 46938 offers $1,471/mo rent that, after a $1,003/mo payment, leaves $197/mo cash flow. Total monthly income is $1,471/mo, and annual cash flow is $2,362/yr on $67,924 cash. Return on cash invested measures 23.39% in year one, and rental yield stands at 8.61% at a $204,900 entry. Equity gained on principal adds $1,322/yr while 5% annual appreciation compounds into $56,610 by year five. Five-year ROI records 121.53% and total cumulative return in cash reaches $82,546. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,471/mo property income versus a $1,003/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Manufactured
Built in 1987
14.70 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46938, Jonesboro, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,196 (100%) |
| Owner Occupied HU | 904 (75.6%) |
| Renter Occupied HU | 182 (15.2%) |
| Vacant Housing Units | 110 ( 9.2%) |
| Median Home Value | $133,036 |
| Average Home Value | $179,433 |
Residential
1,209
Single Family
1,209
Multi-Family
0
Businesses
28
Date | Event | Price |
|---|---|---|
| 2025-03-21 | Price change | $204,900 |
| 2025-01-14 | Price change | $499,900 |
| 2024-10-30 | Listed for sale | $525,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-24 | $2229.30 | 0.38% | $165,200 | -1.49% |
| 2023-03-24 | $2220.80 | 7.45% | $167,700 | 7.29% |
| 2022-03-24 | $2066.86 | 11.60% | $156,300 | 11.56% |
Listed by: Lindsay Howell • Howell Realty Group, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509276
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.
