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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 Avon at 842 Cheltenham Way, Avon, IN, 46123 listed at $339,900 pairs $2,244/mo rent with a $1,664/mo payment to leave $174/mo cash flow. Total monthly income runs $2,244/mo, and annual cash flow reaches $2,086/yr on $112,677 cash to close. Return on cash invested measures 21.76% in year one, and rental yield registers 7.92% at a $339,900 basis. Equity gained on principal adds $2,193/yr, and annual property appreciation at 5% supports $93,908 by year five. Five-year ROI tracks 112.64% and total cumulative return in cash totals $126,923. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,244/mo property income relative to a $1,664/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1994
10,018 sqft lot
$N/A/sqft
$326 annually HOA
Neighborhood data shown for ZIP Code: 46123, Avon, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 16,638 (100%) |
| Owner Occupied HU | 12,897 (77.5%) |
| Renter Occupied HU | 3,116 (18.7%) |
| Vacant Housing Units | 625 ( 3.8%) |
| Median Home Value | $326,962 |
| Average Home Value | $336,322 |
Residential
16,424
Single Family
15,189
Multi-Family
1,235
Businesses
779
Date | Event | Price |
|---|---|---|
| 2025-06-20 | Listed for sale | $339,900 |
| 2011-10-22 | Listing removed | $154,900 |
| 2011-04-29 | Sold | $150,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-06-23 | $2846.94 | 1.64% | $284,200 | 11.49% |
| 2023-06-23 | $2801.04 | 18.19% | $254,900 | 2.37% |
| 2022-06-23 | $2369.92 | 5.73% | $249,000 | 18.12% |
What's Special
Pull Down Stairs
Listed by: Matthew Reffeitt • Keller Williams Indy Metro S
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22041941
Disclaimer: Based on information submitted to the MLS GRID as of 2025-06-23 07:57:56 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
