118 Cherry CtHebronIN46341
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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 Hebron at 118 Cherry Ct, Hebron, IN, 46341 offers a 10.96% rental yield on a $339,000 purchase with $3,096/mo rent. Total monthly income registers $3,096/mo, and a $1,659/mo payment leaves $1,061/mo available for distribution. Annual cash flow reaches $12,735/yr on $112,379 to close, and return on cash invested stands at 31.24% in year one. Equity gained on principal adds $2,188/yr while 5% annual appreciation supports $93,659 over five years. Portfolio math shows five-year ROI at 163.4% and total cumulative return in cash at $183,628. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,096/mo property income against a $1,659/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1977
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46341, Hebron, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,266 (100%) |
| Owner Occupied HU | 3,527 (82.7%) |
| Renter Occupied HU | 584 (13.7%) |
| Vacant Housing Units | 155 ( 3.6%) |
| Median Home Value | $317,044 |
| Average Home Value | $336,961 |
Housing Distribution
Address Breakdown
Residential
3,973
Single Family
3,553
Multi-Family
420
Businesses
133
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