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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 Boonville at 832 N Two Story Rd, Boonville, IN, 47601 priced at $315,000 converts $1,674/mo rent into after a $1,542/mo obligation. Total monthly income equals $1,674/mo. Return on cash invested prints 17.41% in year one, and rental yield reads 6.38% against a $315,000 entry. Equity gained on principal adds $2,033/yr, while 5% annual appreciation compiles into $87,029 by year five. Five-year ROI reaches 89.22% and total cumulative return in cash sums $93,161. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,674/mo property income covering a $1,542/mo payment, not borrower’s personal income.
Single Family
Built in 1915
2.78 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47601, Boonville, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,063 (100%) |
| Owner Occupied HU | 4,644 (76.6%) |
| Renter Occupied HU | 1,004 (16.6%) |
| Vacant Housing Units | 415 ( 6.8%) |
| Median Home Value | $231,570 |
| Average Home Value | $282,098 |
Residential
5,853
Single Family
5,666
Multi-Family
187
Businesses
417
Date | Event | Price |
|---|---|---|
| 2025-05-07 | Listed for sale | $315,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-08 | $1155.20 | 0.85% | $161,200 | 1.96% |
| 2023-05-08 | $1145.48 | 13.81% | $158,100 | 11.89% |
| 2022-05-08 | $1006.48 | -2.38% | $141,300 | 18.44% |
Listed by: Kim D James • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516445
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.
