248-248 E Main St #250HagerstownIN47346
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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 Hagerstown at 248-248 E Main St #250, Hagerstown, IN, 47346 offers a 3.84% rental yield on a $225,000 purchase with $720/mo rent. 77% in year one. Equity gained on principal adds $1,452/yr while 5% annual appreciation supports $62,163 over five years. Portfolio math shows five-year ROI at 48.21% and total cumulative return in cash at $35,961. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $720/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1973
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47346, Hagerstown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,634 (100%) |
| Owner Occupied HU | 1,247 (76.3%) |
| Renter Occupied HU | 282 (17.3%) |
| Vacant Housing Units | 105 ( 6.4%) |
| Median Home Value | $229,688 |
| Average Home Value | $242,149 |
Housing Distribution
Address Breakdown
Residential
1,576
Single Family
1,549
Multi-Family
27
Businesses
110
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Listed by: Marc Duning • Coldwell Banker Lingle
Mls Name: RLMS
Mls Provider:
Mls ID: #10050894
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.