265 S Marengo PikeHardinsburgIN47125
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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 Hardinsburg at 265 S Marengo Pike, Hardinsburg, IN, 47125 uses $82,544 cash to close to unlock $6,756/yr annual cash flow and $563/mo monthly cash flow. Total monthly income runs $2,058/mo, and a $1,219/mo payment keeps the spread at $563/mo. Purchase price stands at $249,000, and rental yield measures 9.92% with $2,058/mo rent. Return on cash invested shows 28.09% in year one, and 5% annual appreciation builds toward $68,794 over five years. Five-year ROI reaches 146.57% and total cumulative return in cash records $120,980. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,058/mo property income covering a $1,219/mo payment rather than investor’s personal income.
Single Family
Built in 1939
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47125, Hardinsburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 803 (100%) |
| Owner Occupied HU | 622 (77.5%) |
| Renter Occupied HU | 104 (13.0%) |
| Vacant Housing Units | 77 ( 9.6%) |
| Median Home Value | $160,662 |
| Average Home Value | $239,514 |
Housing Distribution
Address Breakdown
Residential
749
Single Family
749
Multi-Family
0
Businesses
23
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Listed by: Mark A. Day • The Day Company REALTORS
Mls Name: SIRA
Mls ID: #2025011956