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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 Hagerstown at 15224 Massey Rd, Hagerstown, IN, 47346 generates $1,238/mo in rent and, after a $778/mo payment, leaves $284/mo in cash flow. Total monthly income is $1,238/mo, and annual cash flow is $3,405/yr on $52,709 invested. Return on cash invested sits at 26.37% in year one, and rental yield is 9.34% on a $159,000 entry. Equity gained on principal adds $1,026/yr, while 5% annual appreciation builds toward $43,929 over five years. Five-year ROI reaches 137.26% and total cumulative return in cash sums $72,348. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,238/mo property income rather than buyer’s personal income.
Single Family
Built in 1920
4.46 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47346, Hagerstown, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,634 (100%) |
| Owner Occupied HU | 1,247 (76.3%) |
| Renter Occupied HU | 282 (17.3%) |
| Vacant Housing Units | 105 ( 6.4%) |
| Median Home Value | $229,688 |
| Average Home Value | $242,149 |
Residential
1,576
Single Family
1,549
Multi-Family
27
Businesses
110
Date | Event | Price |
|---|---|---|
| 2025-10-07 | Sold | $159,000 |
| 2025-08-21 | Pending sale | $159,900 |
| 2025-08-19 | Price change | $159,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-10 | $647.72 | -0.70% | $103,800 | 9.03% |
| 2023-10-10 | $652.28 | 4.20% | $95,200 | 1.17% |
| 2022-10-10 | $625.96 | -2.56% | $94,100 | 6.57% |
Listed by: Brody Tarter • RE/MAX Evolve
Mls Name: IRMLS
Mls Provider:
Mls ID: #202530770
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.
