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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 247 Spruce Ln, Hanover, IN, 47243 offers a 9.51% rental yield on a $219,000 purchase with $1,736/mo rent. Total monthly income registers $1,736/mo, and a $1,072/mo payment leaves $421/mo available for distribution. Annual cash flow reaches $5,055/yr on $72,599 to close, and return on cash invested stands at 26.87% in year one. Equity gained on principal adds $1,413/yr while 5% annual appreciation supports $60,506 over five years. Portfolio math shows five-year ROI at 140% and total cumulative return in cash at $101,637. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,736/mo property income against a $1,072/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1974
N/A 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: Gregory Unthank • Plum Tree Realty
Mls Name: SEIBR
Mls ID: #206580
