1938 W Lake Hideaway Rd, Kingman, IN, 47952 | $313/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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1938 W Lake Hideaway Rd, Kingman, IN, 47952 | $313/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Kingman at 1938 W Lake Hideaway Rd, Kingman, IN, 47952 earns $313/mo cash flow from $1,396/mo rent with a $881/mo payment. Total monthly income totals $1,396/mo, and annual cash flow totals $3,750/yr on $59,670 capital. ROI tracks 26.19% on current figures, and rental yield reads 9.31% at a $180,000 purchase. Equity gained on principal adds $1,162/yr, and 5% annual appreciation supports $49,731 over five years. Five-year ROI reaches 136.36% and total cumulative return in cash sums $81,365. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,396/mo property income instead of your personal income.

Single Family

Built in 1978

15 Acres lot

$N/A/sqft

No HOA

More details about the property

Up for auction is a 15 acre property, located just outside the quiet town of Cates near Kingman, Indiana, offering the perfect canvas for your rural retreat, hobby farm, or homestead vision. The land features a mix of open and wooded terrain-approximately 3 acres of tillable pasture ideal for gardening, small livestock, or future building site, with the remainder made up of serene woods perfect for ATV riding, hunting, or simply enjoying nature. Partial fencing is already in place, and a shed offers convenient space for tools and equipment. The property includes a solid brick home built in 1978. While the house will require a full renovation and a new roof, it provides a sturdy foundation to craft your custom country escape. With its peaceful setting, and open potential, this property is a rare find for those looking to live off the land, invest in rural acreage, or build from the ground up in a quiet, scenic area. Property sells at 12 o'clock Indiana time! This property is a "Fixer Upper" and will sell "as is, where is." Home has not been lived in for 5 years and was not well maintained. This is not a "move-in ready home" Terms: 10% down payment, non refundable day of sale with total amount 30 days at closing. Taxes prorated to day of sale. Property will sell in "as is, where is" condition and buyer is responsible for proper inspection of property. Buyer must have financing arranged prior to auction.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47952, Kingman, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,392 (100%)
Owner Occupied HU	893 (64.2%)
Renter Occupied HU	226 (16.2%)
Vacant Housing Units	273 (19.6%)
Median Home Value	$218,029
Average Home Value	$227,340