2521 W 38th AveHobartIN46342
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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
Rental property for sale in Hobart at 2521 W 38th Ave, Hobart, IN, 46342 generates $1,927/mo in rent and, after a $773/mo payment, leaves $979/mo in cash flow. Total monthly income is $1,927/mo, and annual cash flow is $11,747/yr on $52,377 invested. Return on cash invested sits at 42.34% in year one, and rental yield is 14.64% on a $158,000 entry. Equity gained on principal adds $1,020/yr, while 5% annual appreciation builds toward $43,652 over five years. Five-year ROI reaches 222.83% and total cumulative return in cash sums $116,710. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,927/mo property income rather than buyer’s personal income.
Single Family
Built in 1940
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46342, Hobart, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,699 (100%) |
| Owner Occupied HU | 9,996 (73.0%) |
| Renter Occupied HU | 2,806 (20.5%) |
| Vacant Housing Units | 897 ( 6.5%) |
| Median Home Value | $231,713 |
| Average Home Value | $262,010 |
Housing Distribution
Address Breakdown
Residential
13,166
Single Family
11,782
Multi-Family
1,384
Businesses
705
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Listed by: Steven Monsma • Weichert Realtors - Shoreline
Mls Name: NIRA
Mls Provider:
Mls ID: #828914
Disclaimer: Based on information submitted to the MLS GRID as of 2025-12-19 03:17:11 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#185)