200 N Elm St, Hagerstown, IN, 47346 | $338/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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200 N Elm St, Hagerstown, IN, 47346 | $338/mo Cash Flow | Ziffy

For Sale

Listed for sale 2 days ago

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 Hagerstown at 200 N Elm St, Hagerstown, IN, 47346 listed at $129,900 pairs $1,118/mo rent with a $636/mo payment to leave $338/mo cash flow. Total monthly income runs $1,118/mo, and annual cash flow reaches $4,056/yr on $43,062 cash to close. Return on cash invested measures 29.33% in year one, and rental yield registers 10.33% at a $129,900 basis. Equity gained on principal adds $838/yr, and annual property appreciation at 5% supports $35,889 by year five. Five-year ROI tracks 153.26% and total cumulative return in cash totals $65,995. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,118/mo property income relative to a $636/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1928

4,356 sqft lot

$N/A/sqft

No HOA

More details about the property

Charming 1928 bungalow located in the heart of Hagerstown, Indiana, just a short walk from downtown restaurants, coffee shops, and the villages local amenities. Known for its exemplary school system, Nettle Creek Schools, Hagerstown is a sought-after community to live, grow, and thrive. This inviting home is a great starter opportunity for anyone seeking the convenience of small-town living with an easy 3045 minute commute to larger towns and shopping. Features include a welcoming covered front porch, a cozy living room with an electric fireplace that adds both character and functionality, and classic arched entryways. Wood and laminate flooring flow throughout the home, offering warmth and durability. Enjoy a private, fenced backyard perfect for relaxing or entertaining, along with ample off-street parking. This charming bungalow will not disappoint. Schedule your private showing todaycall Rhonda or Marc at 765-967-7466.

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