115 E Hickory Grove RdHartford CityIN47348
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 Hartford City at 115 E Hickory Grove Rd, Hartford City, IN, 47348 uses $89,472 cash to close to unlock $4,042/yr annual cash flow and $337/mo monthly cash flow. Total monthly income runs $1,957/mo, and a $1,321/mo payment keeps the spread at $337/mo. Purchase price stands at $269,900, and rental yield measures 8.7% with $1,957/mo rent. Return on cash invested shows 24.43% in year one, and 5% annual appreciation builds toward $74,568 over five years. Five-year ROI reaches 126.82% and total cumulative return in cash records $113,466. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,957/mo property income covering a $1,321/mo payment rather than investor’s personal income.
Single Family
Built in 1974
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47348, Hartford City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,529 (100%) |
| Owner Occupied HU | 2,979 (65.8%) |
| Renter Occupied HU | 1,023 (22.6%) |
| Vacant Housing Units | 527 (11.6%) |
| Median Home Value | $107,731 |
| Average Home Value | $137,774 |
Housing Distribution
Address Breakdown
Residential
4,189
Single Family
4,089
Multi-Family
100
Businesses
294
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Seth Stanley • NextHome Elite Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508375
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.