Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 Gas City at 902 E Main St, Gas City, IN, 46933 offers a 9.19% rental yield on a $160,000 purchase with $1,225/mo rent. Total monthly income registers $1,225/mo, and a $783/mo payment leaves $265/mo available for distribution. Annual cash flow reaches $3,176/yr on $53,040 to close, and return on cash invested stands at 25.9% in year one. Equity gained on principal adds $1,032/yr while 5% annual appreciation supports $44,205 over five years. Portfolio math shows five-year ROI at 134.73% and total cumulative return in cash at $71,462. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,225/mo property income against a $783/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1956
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46933, Gas City, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,947 (100%) |
| Owner Occupied HU | 1,943 (65.9%) |
| Renter Occupied HU | 776 (26.3%) |
| Vacant Housing Units | 228 ( 7.7%) |
| Median Home Value | $124,795 |
| Average Home Value | $191,109 |
Residential
2,829
Single Family
2,760
Multi-Family
69
Businesses
247
Date | Event | Price |
|---|---|---|
| 2024-11-22 | Sold | $160,000 |
| 2024-10-25 | Pending sale | $162,000 |
| 2024-10-15 | Price change | $162,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-02 | $121.88 | 2.01% | $119,900 | 4.90% |
| 2023-11-02 | $119.48 | 1.98% | $114,300 | 14.19% |
| 2022-11-02 | $117.16 | 52.20% | $100,100 | 8.92% |
What's Special
Pull Down Stairs
Listed by: Tonya McCoy • Moving Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202428051
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.
