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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 901 N Tee Ct, Spencer, IN, 47460 listed at $475,000 pairs $2,618/mo rent with a $2,325/mo payment. Total monthly income runs $2,618/mo. Return on cash invested measures 18.13% in year one, and rental yield registers 6.61% at a $475,000 basis. Equity gained on principal adds $3,065/yr, and annual property appreciation at 5% supports $131,234 by year five. Five-year ROI tracks 93.06% and total cumulative return in cash totals $146,539. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,618/mo property income relative to a $2,325/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2016
0.69 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 |
|---|---|---|
| 2025-04-11 | Listed for sale | $475,000 |
| 2020-06-18 | Listing removed | $325,000 |
| 2020-03-10 | Listed for sale | $325,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-14 | $3926.22 | 13.83% | $418,800 | 7.77% |
| 2023-04-14 | $3449.28 | 9.78% | $388,600 | 12.02% |
| 2022-04-14 | $3142.00 | 5.86% | $346,900 | 9.40% |
Listed by: Debbie Foutch • Owen County Home Company
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512383
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.
