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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 Geneva at 9489 3rd St, Geneva, IN, 46740 offers a 11.31% rental yield on a $189,000 purchase with $1,782/mo rent. Total monthly income registers $1,782/mo, and a $925/mo payment leaves $648/mo available for distribution. Annual cash flow reaches $7,770/yr on $62,654 to close, and return on cash invested stands at 32.31% in year one. Equity gained on principal adds $1,220/yr while 5% annual appreciation supports $52,217 over five years. Portfolio math shows five-year ROI at 169.14% and total cumulative return in cash at $105,970. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,782/mo property income against a $925/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1885
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46740, Geneva, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,394 (100%) |
| Owner Occupied HU | 1,041 (74.7%) |
| Renter Occupied HU | 252 (18.1%) |
| Vacant Housing Units | 101 ( 7.2%) |
| Median Home Value | $231,954 |
| Average Home Value | $290,639 |
Residential
1,120
Single Family
1,080
Multi-Family
40
Businesses
56
Date | Event | Price |
|---|---|---|
| 2025-03-27 | Listed for sale | $189,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-30 | $394.56 | 6.87% | $83,700 | -1.06% |
| 2023-03-30 | $369.20 | 15.46% | $84,600 | -1.86% |
| 2022-03-30 | $319.76 | 3.20% | $86,200 | 8.56% |
Listed by: Caleb Weaver • Miz Lehman REALTORS-Auctioneer
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510177
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.
