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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 Hobart at 1450 Lake St, Hobart, IN, 46342 generates $2,258/mo in rent and, after a $1,598/mo payment, leaves $298/mo in cash flow. Total monthly income is $2,258/mo, and annual cash flow is $3,578/yr on $108,235 invested. Return on cash invested sits at 23.21% in year one, and rental yield is 8.3% on a $326,500 entry. Equity gained on principal adds $2,107/yr, while 5% annual appreciation builds toward $90,206 over five years. Five-year ROI reaches 120.35% and total cumulative return in cash sums $130,264. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,258/mo property income rather than buyer’s personal income.
Townhouse
Built in 2025
3,963 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46342, Hobart, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,699 (100%) |
| Owner Occupied HU | 9,996 (73.0%) |
| Renter Occupied HU | 2,806 (20.5%) |
| Vacant Housing Units | 897 ( 6.5%) |
| Median Home Value | $231,713 |
| Average Home Value | $262,010 |
Residential
13,166
Single Family
11,782
Multi-Family
1,384
Businesses
705
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Jackie Galambos • Springer Real Estate Company
Mls Name: NIRA
Mls ID: #831903
