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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 French Lick at 8873 W State Road 56, French Lick, IN, 47432 earns from $1,542/mo rent with a $1,434/mo payment. Total monthly income totals $1,542/mo. ROI tracks 17.23% on current figures, and rental yield reads 6.32% at a $293,000 purchase. Equity gained on principal adds $1,891/yr, and 5% annual appreciation supports $80,951 over five years. Five-year ROI reaches 88.27% and total cumulative return in cash sums $85,738. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,542/mo property income instead of your personal income.
Single Family
Built in 1893
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47432, French Lick, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,152 (100%) |
| Owner Occupied HU | 1,401 (65.1%) |
| Renter Occupied HU | 481 (22.4%) |
| Vacant Housing Units | 270 (12.5%) |
| Median Home Value | $171,228 |
| Average Home Value | $188,499 |
Residential
1,950
Single Family
1,872
Multi-Family
78
Businesses
142
Date | Event | Price |
|---|---|---|
| 2025-03-24 | Listed for sale | $293,000 |
| 2025-03-01 | Listing removed | $294,900 |
| 2024-09-23 | Price change | $294,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-03-26 | $918.00 | 16.79% | $49,300 | 7.41% |
| 2022-03-26 | $786.00 | 5.36% | $45,900 | 16.79% |
| 2021-03-26 | $746.00 | N/A | $39,300 | 5.36% |
Listed by: Patti Sanders • Key Associates Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509624
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.
