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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 Boonville at 907 Nicholas Dr, Boonville, IN, 47601 uses $82,544 cash to close to unlock $4,524/yr annual cash flow and $377/mo monthly cash flow. Total monthly income runs $1,872/mo, and a $1,219/mo payment keeps the spread at $377/mo. Purchase price stands at $249,000, and rental yield measures 9.02% with $1,872/mo rent. Return on cash invested shows 25.39% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 132.06% and total cumulative return in cash records $109,004. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,872/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Single Family
Built in 1975
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47601, Boonville, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,063 (100%) |
| Owner Occupied HU | 4,644 (76.6%) |
| Renter Occupied HU | 1,004 (16.6%) |
| Vacant Housing Units | 415 ( 6.8%) |
| Median Home Value | $231,570 |
| Average Home Value | $282,098 |
Residential
5,853
Single Family
5,666
Multi-Family
187
Businesses
417
Date | Event | Price |
|---|---|---|
| 2025-05-28 | Listed for sale | $249,000 |
| 2008-02-29 | Sold | $124,600 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-29 | $1162.00 | 5.93% | $116,600 | 1.57% |
| 2023-05-29 | $1097.00 | 24.10% | $114,800 | 3.99% |
| 2022-05-29 | $884.00 | 12.78% | $110,400 | 23.77% |
Listed by: Shari Stallings • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202519883
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.
