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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 Andrews at 8426 W 600 S, Andrews, IN, 46702 listed at $300,000 pairs $1,946/mo rent with a $1,468/mo payment to leave $146/mo cash flow. Total monthly income runs $1,946/mo, and annual cash flow reaches $1,746/yr on $99,450 cash to close. Return on cash invested measures 21.66% in year one, and rental yield registers 7.78% at a $300,000 basis. Equity gained on principal adds $1,936/yr, and annual property appreciation at 5% supports $82,884 by year five. Five-year ROI tracks 112.04% and total cumulative return in cash totals $111,420. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,946/mo property income relative to a $1,468/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2000
6.48 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46702, Andrews, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 956 (100%) |
| Owner Occupied HU | 708 (74.1%) |
| Renter Occupied HU | 139 (14.5%) |
| Vacant Housing Units | 109 (11.4%) |
| Median Home Value | $245,000 |
| Average Home Value | $276,691 |
Residential
788
Single Family
763
Multi-Family
25
Businesses
35
Date | Event | Price |
|---|---|---|
| 2025-06-27 | Sold | $300,000 |
| 2025-05-27 | Pending sale | $324,900 |
| 2025-05-06 | Listed for sale | $324,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-16 | $605.20 | 2.00% | $225,700 | 8.35% |
| 2023-10-16 | $593.32 | 2.00% | $208,300 | 16.76% |
| 2022-10-16 | $581.68 | 2.00% | $178,400 | 14.87% |
What's Special
Pull Down Stairs,Storage
Listed by: Jack Shearer • Shearer REALTORS, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516208
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.
