








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 La Fontaine at 8 Hale St, La Fontaine, IN, 46940 offers a 9.16% rental yield on a $265,000 purchase with $2,023/mo rent. Total monthly income registers $2,023/mo, and a $1,297/mo payment leaves $432/mo available for distribution. Annual cash flow reaches $5,187/yr on $87,848 to close, and return on cash invested stands at 25.81% in year one. Equity gained on principal adds $1,710/yr while 5% annual appreciation supports $73,215 over five years. Portfolio math shows five-year ROI at 134.3% and total cumulative return in cash at $117,975. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,023/mo property income against a $1,297/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46940, La Fontaine, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,145 (100%) |
| Owner Occupied HU | 847 (74.0%) |
| Renter Occupied HU | 172 (15.0%) |
| Vacant Housing Units | 126 (11.0%) |
| Median Home Value | $202,446 |
| Average Home Value | $244,976 |
Residential
934
Single Family
926
Multi-Family
8
Businesses
29
Date | Event | Price |
|---|---|---|
| 2025-08-08 | Sold | $265,000 |
| 2025-08-01 | Pending sale | $275,000 |
| 2025-06-18 | Listed for sale | $275,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | N/A | N/A | $151,300 | 2.37% |
| 2023-11-01 | N/A | N/A | $147,800 | 9.40% |
| 2022-11-01 | N/A | N/A | $135,100 | 10.20% |



Listed by: Nick Krieg • Empire Real Estate LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202523267
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.