2271 S Bluff Run Drive, Hanover, IN, 47243 | $469/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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2271 S Bluff Run Drive, Hanover, IN, 47243 | $469/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

Rental property for sale in Hanover at 2271 S Bluff Run Drive, Hanover, IN, 47243 generates $2,120/mo in rent and, after a $1,346/mo payment, leaves $469/mo in cash flow. Total monthly income is $2,120/mo, and annual cash flow is $5,631/yr on $91,163 invested. Return on cash invested sits at 26.09% in year one, and rental yield is 9.25% on a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation builds toward $75,977 over five years. Five-year ROI reaches 135.75% and total cumulative return in cash sums $123,755. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,120/mo property income rather than buyer’s personal income.

Single Family

Built in 2024

0.57 Acres lot

$N/A/sqft

No HOA

More details about the property

Price Improvement! RIVER VIEW!!! Relax on the back porch and watch the boats. This home features granite countertops in the open concept eat-in kitchen, an island with electric outlets, recessed lighting, and a generous pantry. The laundry room has a pocket door for convenient access. The primary bedroom has an elevated ceiling and en suite bathroom with walk-in shower and a walk-in closet. This home is practically new and is ready for you.

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