106 W Lucas StHillsboroIN47949
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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 Hillsboro at 106 W Lucas St, Hillsboro, IN, 47949 priced at $144,900 converts $0/mo rent into after a $709/mo obligation. Total monthly income equals $0/mo. Return on cash invested prints -1.82% in year one, and rental yield reads 0% against a $144,900 entry. Equity gained on principal adds $935/yr, while 5% annual appreciation compiles into $40,033 by year five. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $0/mo property income covering a $709/mo payment, not borrower’s personal income.
Single Family
Built in 1950
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47949, Hillsboro, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 538 (100%) |
| Owner Occupied HU | 405 (75.3%) |
| Renter Occupied HU | 59 (11.0%) |
| Vacant Housing Units | 74 (13.8%) |
| Median Home Value | $164,858 |
| Average Home Value | $199,309 |
Housing Distribution
Address Breakdown
Residential
408
Single Family
408
Multi-Family
0
Businesses
32
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No similar rental properties found nearby.
Nearby investment properties with comparable prices