101 N Michigan AveHobartIN46342
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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 Hobart at 101 N Michigan Ave, Hobart, IN, 46342 uses $56,024 cash to close to unlock $3,320/yr annual cash flow and $277/mo monthly cash flow. Total monthly income runs $1,291/mo, and a $827/mo payment keeps the spread at $277/mo. Purchase price stands at $169,000, and rental yield measures 9.17% with $1,291/mo rent. Return on cash invested shows 25.84% in year one, and 5% annual appreciation builds toward $46,692 over five years. Five-year ROI reaches 134.38% and total cumulative return in cash records $75,283. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,291/mo property income covering a $827/mo payment rather than investor’s personal income.
Single Family
Built in 1918
7,535 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46342, Hobart, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,699 (100%) |
| Owner Occupied HU | 9,996 (73.0%) |
| Renter Occupied HU | 2,806 (20.5%) |
| Vacant Housing Units | 897 ( 6.5%) |
| Median Home Value | $231,713 |
| Average Home Value | $262,010 |
Housing Distribution
Address Breakdown
Residential
13,166
Single Family
11,782
Multi-Family
1,384
Businesses
705
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