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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 Santa Claus at 951 W Shepherds Ln, Santa Claus, IN, 47579 offers a 8.93% rental yield on a $354,900 purchase with $2,640/mo rent. Total monthly income registers $2,640/mo, and a $1,737/mo payment leaves $510/mo available for distribution. Annual cash flow reaches $6,116/yr on $117,649 to close, and return on cash invested stands at 25.11% in year one. Equity gained on principal adds $2,290/yr while 5% annual appreciation supports $98,052 over five years. Portfolio math shows five-year ROI at 130.47% and total cumulative return in cash at $153,496. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,640/mo property income against a $1,737/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1982
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47579, Santa Claus, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,237 (100%) |
| Owner Occupied HU | 1,022 (82.6%) |
| Renter Occupied HU | 105 ( 8.5%) |
| Vacant Housing Units | 110 ( 8.9%) |
| Median Home Value | $257,373 |
| Average Home Value | $291,761 |
Residential
1,048
Single Family
1,048
Multi-Family
0
Businesses
86
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-28 | $2463.72 | 36.70% | $282,300 | 2.69% |
| 2023-05-28 | $1802.32 | 17.42% | $274,900 | 19.21% |
| 2022-05-28 | $1534.90 | -7.82% | $230,600 | 25.80% |
Listed by: Patricia Cox • eXp Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202519610
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.
