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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Hanover at 216 Smith Ln, Hanover, IN, 47243 with 5% annual appreciation on a $262,000 basis while $1,754/mo rent supports operations. Total monthly income totals $1,754/mo and a $1,282/mo payment preserves $182/mo for cash returns. Annual cash flow comes to $2,179/yr on $86,853 deployed, and return on cash invested reaches 22.42% in year one. Equity gained on principal adds $1,691/yr, and five-year appreciation sums $72,386 alongside rental yield of 8.03%. Five-year ROI measures 116.07% and total cumulative return in cash totals $100,809.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,754/mo property income versus a $1,282/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1975
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47243, Hanover, IN area.
| 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 |
Residential
2,184
Single Family
2,153
Multi-Family
31
Businesses
96
Date | Event | Price |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
