103 E Graceland Heights DrHagerstownIN47346
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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
Rental property for sale in Hagerstown at 103 E Graceland Heights Dr, Hagerstown, IN, 47346 generates $933/mo in rent and, after a $587/mo payment, leaves $213/mo in cash flow. Total monthly income is $933/mo, and annual cash flow is $2,557/yr on $39,747 invested. Return on cash invested sits at 26.34% in year one, and rental yield is 9.34% on a $119,900 entry. Equity gained on principal adds $774/yr, while 5% annual appreciation builds toward $33,126 over five years. Five-year ROI reaches 137.22% and total cumulative return in cash sums $54,540. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $933/mo property income rather than buyer’s personal income.
Single Family
Built in 1999
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47346, Hagerstown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,634 (100%) |
| Owner Occupied HU | 1,247 (76.3%) |
| Renter Occupied HU | 282 (17.3%) |
| Vacant Housing Units | 105 ( 6.4%) |
| Median Home Value | $229,688 |
| Average Home Value | $242,149 |
Housing Distribution
Address Breakdown
Residential
1,576
Single Family
1,549
Multi-Family
27
Businesses
110
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Listed by: Alfredo Diamond • Better Homes and Gardens First Realty Group
Mls Name: RLMS
Mls ID: #10052721