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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 Santa Claus at 971 W Melchoir Dr N, Santa Claus, IN, 47579 priced at $299,900 pairs $2,640/mo rent with $840/mo cash flow after a $1,468/mo payment. Total monthly income equals $2,640/mo, and annual cash flow comes to $10,075/yr on $99,417 invested. Return on cash invested is 30.04% in year one, and rental yield stands at 10.56% on a $299,900 basis. Equity gained on principal adds $1,935/yr, and 5% annual appreciation accumulates to $82,857 by year five. Five-year ROI measures 156.94% and total cumulative return in cash reaches $156,028. For financing, Ziffy Mortgage’s DSCR program evaluates $2,640/mo property income against a $1,468/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2014
0.28 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 |
|---|---|---|
| 2024-10-01 | Price change | $299,900 |
| 2024-08-25 | Listed for sale | $299,000 |
| 2014-08-22 | Sold | $177,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-15 | $1893.60 | 15.48% | $255,600 | 3.82% |
| 2022-10-15 | $1639.72 | -5.30% | $246,200 | 23.78% |
| 2021-10-15 | $1731.50 | 9.52% | $198,900 | 2.31% |
Listed by: Kara Hinshaw • Key Associates Signature Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202437977
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.
