205 Glad StreetHanoverIN47243
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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 Hanover at 205 Glad Street, Hanover, IN, 47243 at $185,000 posts ROI 29.46% with $488/mo cash flow from $1,598/mo rent. Total monthly income equals $1,598/mo, and annual cash flow records $5,856/yr on $61,328 to close. Return on cash invested measures 29.46% and rental yield reads 10.37% at the current $185,000. Equity gained on principal adds $1,194/yr, and 5% annual appreciation supports $51,112 by year five. Five-year ROI prints 153.8% and total cumulative return in cash totals $94,323.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,598/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1971
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47243, Hanover, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,377 (100%) |
| Owner Occupied HU | 1,473 (62.0%) |
| Renter Occupied HU | 636 (26.8%) |
| Vacant Housing Units | 268 (11.3%) |
| Median Home Value | $218,782 |
| Average Home Value | $242,566 |
Housing Distribution
Address Breakdown
Residential
2,184
Single Family
2,153
Multi-Family
31
Businesses
96
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Listed by: Austin A Ketcham • eXp Realty, LLC
Mls Name: SIRA
Mls Provider:
Mls ID: #202508814
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.