2684 E 950 SHamletIN46532
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
Investment Highlights
Investment property for sale in Hamlet at 2684 E 950 S, Hamlet, IN, 46532 offers a 8.92% rental yield on a $275,000 purchase with $2,045/mo rent. Total monthly income registers $2,045/mo, and a $1,346/mo payment leaves $394/mo available for distribution. Annual cash flow reaches $4,731/yr on $91,163 to close, and return on cash invested stands at 25.1% in year one. Equity gained on principal adds $1,775/yr while 5% annual appreciation supports $75,977 over five years. Portfolio math shows five-year ROI at 130.47% and total cumulative return in cash at $118,943. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,045/mo property income against a $1,346/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
1.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46532, Hamlet, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 792 (100%) |
| Owner Occupied HU | 587 (74.1%) |
| Renter Occupied HU | 146 (18.4%) |
| Vacant Housing Units | 59 ( 7.4%) |
| Median Home Value | $163,750 |
| Average Home Value | $201,116 |
Housing Distribution
Address Breakdown
Residential
566
Single Family
566
Multi-Family
0
Businesses
43
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Listed by: Paul Boyter • McColly Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #827582
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. 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.