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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Hanover at 119 West St, Hanover, IN, 47243 priced at $136,900 converts $1,538/mo rent into $716/mo cash flow after a $670/mo obligation. Total monthly income equals $1,538/mo, and annual cash flow totals $8,595/yr on $45,382 invested. Return on cash invested prints 38.85% in year one, and rental yield reads 13.48% against a $136,900 entry. Equity gained on principal adds $883/yr, while 5% annual appreciation compiles into $37,823 by year five. Five-year ROI reaches 204.26% and total cumulative return in cash sums $92,697. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,538/mo property income covering a $670/mo payment, not borrower’s personal income.
Single Family
Built in 1975
6,560 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47243, Hanover, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,377 (100%) |
| Owner Occupied HU | 1,473 (62.0%) |
| Renter Occupied HU | 636 (26.8%) |
| Vacant Housing Units | 268 (11.3%) |
| Median Home Value | $218,782 |
| Average Home Value | $242,566 |
Residential
2,184
Single Family
2,153
Multi-Family
31
Businesses
96
Date | Event | Price |
|---|---|---|
| 2024-12-10 | Listing removed | $119,900 |
| 2024-11-16 | Price change | $121,000 |
| 2024-11-02 | Pending sale | $139,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-01 | $246.72 | 32.45% | $42,700 | 4.66% |
| 2023-11-01 | $186.28 | -0.37% | $40,800 | 1.75% |
| 2022-11-01 | $186.98 | -75.53% | $40,100 | 1.26% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
