130 E Main StHanoverIN47243
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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 Hanover at 130 E Main St, Hanover, IN, 47243 uses $120,036 cash to close to unlock $4,748/yr annual cash flow and $396/mo monthly cash flow. Total monthly income runs $2,658/mo, and a $1,772/mo payment keeps the spread at $396/mo. Purchase price stands at $362,100, and rental yield measures 8.81% with $2,658/mo rent. Return on cash invested shows 23.86% in year one, and 5% annual appreciation builds toward $100,042 over five years. Five-year ROI reaches 124.13% and total cumulative return in cash records $149,001. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,658/mo property income covering a $1,772/mo payment rather than investor’s personal income.
Single Family
Built in 1830
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47243, Hanover, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
2,184
Single Family
2,153
Multi-Family
31
Businesses
96
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