102 S Lapping AvenueHardinsburgIN47125
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
Rental property for sale in Hardinsburg at 102 S Lapping Avenue, Hardinsburg, IN, 47125 priced at $105,000 pairs $815/mo rent with $185/mo cash flow after a $514/mo payment. Total monthly income equals $815/mo, and annual cash flow comes to $2,215/yr on $34,808 invested. Return on cash invested is 26.27% in year one, and rental yield stands at 9.31% on a $105,000 basis. Equity gained on principal adds $678/yr, and 5% annual appreciation accumulates to $29,010 by year five. Five-year ROI measures 136.8% and total cumulative return in cash reaches $47,618. For financing, Ziffy Mortgage’s DSCR program evaluates $815/mo property income against a $514/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1947
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47125, Hardinsburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 803 (100%) |
| Owner Occupied HU | 622 (77.5%) |
| Renter Occupied HU | 104 (13.0%) |
| Vacant Housing Units | 77 ( 9.6%) |
| Median Home Value | $160,662 |
| Average Home Value | $239,514 |
Housing Distribution
Address Breakdown
Residential
749
Single Family
749
Multi-Family
0
Businesses
23
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Listed by: Nikki Wilson • NextHome Wilson Real Estate
Mls Name: SIRA
Mls ID: #2025011590