285 S Washington StHartsvilleIN47244
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
Rental property for sale in Hartsville at 285 S Washington St, Hartsville, IN, 47244 offers $1,306/mo rent that, after a $734/mo payment, leaves $406/mo cash flow. Total monthly income is $1,306/mo, and annual cash flow is $4,870/yr on $49,692 cash. Return on cash invested measures 29.71% in year one, and rental yield stands at 10.45% at a $149,900 entry. Equity gained on principal adds $967/yr while 5% annual appreciation compounds into $41,415 by year five. Five-year ROI records 155.18% and total cumulative return in cash reaches $77,111. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,306/mo property income versus a $734/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1890
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47244, Hartsville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 291 (100%) |
| Owner Occupied HU | 235 (80.8%) |
| Renter Occupied HU | 27 ( 9.3%) |
| Vacant Housing Units | 29 ( 10.0%) |
| Median Home Value | $289,527 |
| Average Home Value | $380,191 |
Housing Distribution
Address Breakdown
Residential
159
Single Family
159
Multi-Family
0
Businesses
10
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Listed by: Tina Talkington • Berkshire Hathaway Home
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22050794