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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 Elberfeld at 8383 E 900 S, Elberfeld, IN, 47613 uses $94,478 cash to close to unlock $2,932/yr annual cash flow and $244/mo monthly cash flow. Total monthly income runs $1,969/mo, and a $1,395/mo payment keeps the spread at $244/mo. Purchase price stands at $285,000, and rental yield measures 8.29% with $1,969/mo rent. Return on cash invested shows 23.01% in year one, and 5% annual appreciation builds toward $78,740 over five years. Five-year ROI reaches 119.32% and total cumulative return in cash records $112,734. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,969/mo property income covering a $1,395/mo payment rather than investor’s personal income.
Single Family
Built in 1972
1.75 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47613, Elberfeld, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,085 (100%) |
| Owner Occupied HU | 910 (83.9%) |
| Renter Occupied HU | 112 (10.3%) |
| Vacant Housing Units | 63 ( 5.8%) |
| Median Home Value | $314,000 |
| Average Home Value | $320,706 |
Residential
1,057
Single Family
1,057
Multi-Family
0
Businesses
59
Date | Event | Price |
|---|---|---|
| 2025-09-12 | Sold | $285,000 |
| 2025-09-02 | Pending sale | $299,000 |
| 2025-08-30 | Listed for sale | $299,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-27 | $2532.22 | 0.14% | $162,700 | 4.43% |
| 2023-10-27 | $2528.80 | 12.33% | $155,800 | -1.45% |
| 2022-10-27 | $2251.16 | 18.26% | $158,100 | 23.23% |
Listed by: William Atkins • Atkins Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202535002
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.
