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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 Spencer at 851 E Franklin St, Spencer, IN, 47460 listed at $501,200 pairs $2,650/mo rent with a $2,453/mo payment. Total monthly income runs $2,650/mo. Return on cash invested measures 16.84% in year one, and rental yield registers 6.34% at a $501,200 basis. Equity gained on principal adds $3,234/yr, and annual property appreciation at 5% supports $138,472 by year five. Five-year ROI tracks 86.34% and total cumulative return in cash totals $142,369. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,650/mo property income relative to a $2,453/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1952
2.89 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47460, Spencer, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,190 (100%) |
| Owner Occupied HU | 3,784 (72.9%) |
| Renter Occupied HU | 949 (18.3%) |
| Vacant Housing Units | 457 ( 8.8%) |
| Median Home Value | $187,057 |
| Average Home Value | $214,772 |
Residential
4,901
Single Family
4,899
Multi-Family
2
Businesses
417
Date | Event | Price |
|---|---|---|
| 2025-09-02 | Listing removed | $535,000 |
| 2025-06-11 | Listed for sale | $535,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-23 | $5163.44 | 74.51% | $363,800 | 7.73% |
| 2023-10-23 | $2958.86 | 2.99% | $337,700 | 10.47% |
| 2022-10-23 | $2872.94 | 8.48% | $305,700 | 13.14% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
