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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% |
Rental property for sale in Morgantown at 9307 E Dill Rd, Morgantown, IN, 46160 generates $3,949/mo in rent and, after a $1,958/mo payment, leaves $1,548/mo in cash flow. Total monthly income is $3,949/mo, and annual cash flow is $18,572/yr on $132,600 invested. Return on cash invested sits at 33.91% in year one, and rental yield is 11.85% on a $400,000 entry. Equity gained on principal adds $2,581/yr, while 5% annual appreciation builds toward $110,513 over five years. Five-year ROI reaches 177.7% and total cumulative return in cash sums $235,636. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,949/mo property income rather than buyer’s personal income.
Single Family
Built in 1977
4.46 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46160, Morgantown, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,890 (100%) |
| Owner Occupied HU | 2,204 (76.3%) |
| Renter Occupied HU | 377 (13.0%) |
| Vacant Housing Units | 309 (10.7%) |
| Median Home Value | $254,857 |
| Average Home Value | $319,090 |
Residential
2,618
Single Family
2,618
Multi-Family
0
Businesses
119
Date | Event | Price |
|---|---|---|
| 2025-07-25 | Sold | $400,000 |
| 2025-06-16 | Pending sale | $435,000 |
| 2025-06-11 | Price change | $435,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-26 | $2559.10 | 2.29% | $474,300 | 0.19% |
| 2023-10-26 | $2501.86 | 37.16% | $473,400 | -2.23% |
| 2022-10-26 | $1824.00 | 13.07% | $484,200 | 29.53% |
What's Special
Walk-up
Listed by: Mark C Dietel • Mark Dietel Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202429959
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.
