2329 Hart Rd APT 1CHighlandIN46322
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow2329 Hart Rd APT 1C, Highland, IN, 46322 in Highland earns its strong cash-flow label: 12.01% yield, $2,130/mo rent, $852/mo net income, DSCR 2.23. The $212,900 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $58,820 by year five. Combined with $1,961/yr in principal paydown, total projected return reaches $135,467.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12% | 7.0% |
| Monthly Cash Flow | $852 | $1,500 |
City averages based on Highland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,130 |
| Total Monthly Debt Service | $1,193 |
| DSCR Ratio | 1.78x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 1994
1 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46322, Highland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,588 (100%) |
| Owner Occupied HU | 7,922 (74.8%) |
| Renter Occupied HU | 2,280 (21.5%) |
| Vacant Housing Units | 386 ( 3.6%) |
| Median Home Value | $243,747 |
| Average Home Value | $271,248 |
Housing Distribution
Address Breakdown
Residential
10,380
Single Family
8,500
Multi-Family
1,880
Businesses
918
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 1994
1 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46322, Highland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,588 (100%) |
| Owner Occupied HU | 7,922 (74.8%) |
| Renter Occupied HU | 2,280 (21.5%) |
| Vacant Housing Units | 386 ( 3.6%) |
| Median Home Value | $243,747 |
| Average Home Value | $271,248 |
Housing Distribution
Address Breakdown
Residential
10,380
Single Family
8,500
Multi-Family
1,880
Businesses
918
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices