17724 State Road 37HarlanIN46743
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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 17724 State Road 37, Harlan, IN, 46743 offers a 14.13% rental yield on a $133,000 purchase with $1,566/mo rent. Total monthly income registers $1,566/mo, and a $651/mo payment leaves $768/mo available for distribution. Annual cash flow reaches $9,211/yr on $44,090 to close, and return on cash invested stands at 40.8% in year one. Equity gained on principal adds $858/yr while 5% annual appreciation supports $36,745 over five years. Portfolio math shows five-year ROI at 214.68% and total cumulative return in cash at $94,653. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,566/mo property income against a $651/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1926
0.36 Acres 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: Andy Miller • RE/MAX Results
Mls Name: IRMLS
Mls Provider:
Mls ID: #202528763
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.