15224 Massey RdHagerstownIN47346
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe income profile at 15224 Massey Rd, Hagerstown, IN, 47346 in Hagerstown is straightforward: $159,000 in, $1,238/mo in rent, $284/mo out after debt service. The 9.35% gross yield and 1.73 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $43,929 by year five. With $1,464/yr in principal equity, the total cumulative return is projected at $78,419.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.0% |
| Monthly Cash Flow | $284 | $500 |
City averages based on Hagerstown market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,238 |
| Total Monthly Debt Service | $891 |
| DSCR Ratio | 1.39x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1920
4.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47346, Hagerstown, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
1,576
Single Family
1,549
Multi-Family
27
Businesses
110
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Single Family
Built in 1920
4.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47346, Hagerstown, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
1,576
Single Family
1,549
Multi-Family
27
Businesses
110
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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.