0 Hawthorn Dr LOT 87LapelIN46051
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Ziffy AI Summary
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
- Attractive rent-to-price ratio for income stability
- Good fit for DSCR financing with healthy coverage
Investment Highlights
Investment property for sale in Lapel at 0 Hawthorn Dr LOT 87, Lapel, IN, 46051 at $393,000 posts ROI 24.68% with $518/mo cash flow from $2,878/mo rent. Total monthly income equals $2,878/mo, and annual cash flow records $6,221/yr on $130,280 to close. Return on cash invested measures 24.68% and rental yield reads 8.79% at the current $393,000. Equity gained on principal adds $2,536/yr, and 5% annual appreciation supports $108,579 by year five. Five-year ROI prints 128.23% and total cumulative return in cash totals $167,054.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,878/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Home Type Unknown
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46051, Lapel, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,213 (100%) |
| Owner Occupied HU | 900 (74.2%) |
| Renter Occupied HU | 233 (19.2%) |
| Vacant Housing Units | 80 ( 6.6%) |
| Median Home Value | $202,358 |
| Average Home Value | $233,233 |
Housing Distribution
Address Breakdown
Residential
840
Single Family
840
Multi-Family
0
Businesses
102
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices