17417 2nd StHarlanIN46743
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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 Harlan at 17417 2nd St, Harlan, IN, 46743 uses $41,438 cash to close to unlock $16,568/yr annual cash flow and $1,381/mo monthly cash flow. Total monthly income runs $2,246/mo, and a $612/mo payment keeps the spread at $1,381/mo. Purchase price stands at $125,000, and rental yield measures 21.56% with $2,246/mo rent. Return on cash invested shows 59.89% in year one, and 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 318.25% and total cumulative return in cash records $131,873. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,246/mo property income covering a $612/mo payment rather than investor’s personal income.
Single Family
Built in 1940
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46743, Harlan, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 837 (100%) |
| Owner Occupied HU | 674 (80.5%) |
| Renter Occupied HU | 110 (13.1%) |
| Vacant Housing Units | 53 ( 6.3%) |
| Median Home Value | $327,852 |
| Average Home Value | $340,204 |
Housing Distribution
Address Breakdown
Residential
690
Single Family
690
Multi-Family
0
Businesses
74
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Listed by: Vince Brown • Select Realty, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202517623
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.