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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 9009 Delany Rd, Spencer, IN, 47431 uses $141,882 cash to close to unlock $704/yr annual cash flow and $59/mo monthly cash flow. Total monthly income runs $2,628/mo, and a $2,095/mo payment keeps the spread at $59/mo. Purchase price stands at $428,000, and rental yield measures 7.37% with $2,628/mo rent. Return on cash invested shows 20.4% in year one, and 5% annual appreciation builds toward $118,249 over five years. Five-year ROI reaches 105.26% and total cumulative return in cash records $149,351. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,628/mo property income covering a $2,095/mo payment rather than investor’s personal income.
Single Family
Built in 2001
18 Acres lot
$N/A/sqft
No HOA
Date | Event | Price |
|---|---|---|
| 2025-04-12 | Listed for sale | $428,000 |
| 2022-11-17 | Sold | $365,000 |
| 2022-11-04 | Pending sale | $360,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-15 | $2514.56 | 5.89% | $333,900 | 1.43% |
| 2023-04-15 | $2374.64 | 15.42% | $329,200 | 17.53% |
| 2022-04-15 | $2057.36 | 6.90% | $280,100 | 27.43% |
Listed by: Nicole Stanley • RE/MAX Cornerstone
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512579
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.
