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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 La Fontaine at 9498 W 700 S, La Fontaine, IN, 46940 listed at $570,000 pairs $3,448/mo rent with a $2,790/mo payment to leave $26/mo cash flow. Total monthly income runs $3,448/mo, and annual cash flow reaches $315/yr on $187,530 cash to close. Return on cash invested measures 20.23% in year one, and rental yield registers 7.26% at a $570,000 basis. Equity gained on principal adds $3,678/yr, and annual property appreciation at 5% supports $157,480 by year five. Five-year ROI tracks 104.3% and total cumulative return in cash totals $195,589. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $3,448/mo property income relative to a $2,790/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2004
4.53 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46940, La Fontaine, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,145 (100%) |
| Owner Occupied HU | 847 (74.0%) |
| Renter Occupied HU | 172 (15.0%) |
| Vacant Housing Units | 126 (11.0%) |
| Median Home Value | $202,446 |
| Average Home Value | $244,976 |
Residential
934
Single Family
926
Multi-Family
8
Businesses
29
Date | Event | Price |
|---|---|---|
| 2024-11-21 | Sold | $570,000 |
| 2024-11-21 | Pending sale | $584,000 |
| 2024-09-30 | Price change | $584,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-02 | $2067.74 | -10.25% | $340,100 | -1.05% |
| 2023-11-02 | $2303.78 | 4.44% | $343,700 | -2.30% |
| 2022-11-02 | $2205.78 | -2.62% | $351,800 | 8.11% |
Listed by: Nate Nicholson • Nicholson Realty 2.0 LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202429710
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.
