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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 Otwell at 8417 W Himsel Rd, Otwell, IN, 47564 listed at $394,500 pairs $3,016/mo rent with a $1,931/mo payment to leave $648/mo cash flow. Total monthly income runs $3,016/mo, and annual cash flow reaches $7,773/yr on $130,777 cash to close. Return on cash invested measures 25.85% in year one, and rental yield registers 9.17% at a $394,500 basis. Equity gained on principal adds $2,546/yr, and annual property appreciation at 5% supports $108,993 by year five. Five-year ROI tracks 134.48% and total cumulative return in cash totals $175,865. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,016/mo property income relative to a $1,931/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1945
6.50 Acres lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-05-29 | Listed for sale | $394,500 |
| 2023-02-03 | Listing removed | $419,900 |
| 2022-08-16 | Price change | $419,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-30 | $1387.00 | 14.17% | $245,300 | 8.30% |
| 2023-05-30 | $1214.86 | 12.98% | $226,500 | 19.59% |
| 2022-05-30 | $1075.32 | -4.34% | $189,400 | 12.81% |
Listed by: Gibson Goodness • RE/MAX Local
Mls Name: IRMLS
Mls Provider:
Mls ID: #202519974
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.
