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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 Ossian at 803 N Jefferson St, Ossian, IN, 46777 priced at $120,550 converts $1,730/mo rent into $1,006/mo cash flow after a $590/mo obligation. Total monthly income equals $1,730/mo, and annual cash flow totals $12,077/yr on $39,962 invested. Return on cash invested prints 50.13% in year one, and rental yield reads 17.22% against a $120,550 entry. Equity gained on principal adds $778/yr, while 5% annual appreciation compiles into $33,306 by year five. Five-year ROI reaches 264.73% and total cumulative return in cash sums $105,792. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,730/mo property income covering a $590/mo payment, not borrower’s personal income.
Single Family
Built in 1900
1.05 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46777, Ossian, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,731 (100%) |
| Owner Occupied HU | 2,141 (78.4%) |
| Renter Occupied HU | 428 (15.7%) |
| Vacant Housing Units | 162 ( 5.9%) |
| Median Home Value | $227,960 |
| Average Home Value | $267,226 |
Residential
2,606
Single Family
2,547
Multi-Family
59
Businesses
128
Date | Event | Price |
|---|---|---|
| 2025-06-24 | Sold | $120,550 |
| 2025-05-28 | Pending sale | $120,000 |
| 2025-05-16 | Listed for sale | $120,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-31 | $456.88 | -1.37% | $109,200 | 7.37% |
| 2023-10-31 | $463.22 | 11.74% | $101,700 | 4.63% |
| 2022-10-31 | $414.56 | 30.65% | $97,200 | 5.42% |
Listed by: Beverly J Grzych • BKM Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518110
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.
