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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% |
Investment property for sale in Hobart at 1609 Minnesota St, Hobart, IN, 46342 earns $502/mo cash flow from $1,790/mo rent with a $1,040/mo payment. Total monthly income totals $1,790/mo, and annual cash flow totals $6,025/yr on $70,444 capital. ROI tracks 28.46% on current figures, and rental yield reads 10.11% at a $212,500 purchase. Equity gained on principal adds $1,371/yr, and 5% annual appreciation supports $58,710 over five years. Five-year ROI reaches 148.61% and total cumulative return in cash sums $104,684. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,790/mo property income instead of your personal income.
Single Family
Built in 1964
8,189 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 |
|---|---|---|
| 2025-07-14 | Sold | $212,500 |
| 2025-06-15 | Pending sale | $212,500 |
| 2025-06-13 | Listed for sale | $212,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-26 | $1912.76 | 5.03% | $165,700 | 1.47% |
| 2023-10-26 | $1821.18 | 53.02% | $163,300 | 6.04% |
| 2022-10-26 | $1190.12 | 9.70% | $154,000 | 48.65% |
Listed by: Joshua Finger • Better Homes and Gardens Real
Mls Name: NIRA
Mls Provider:
Mls ID: #822508
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-26 03:47:26 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#185)
