304 Hanover Ave, Aurora, IN, 47001 | $283/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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304 Hanover Ave, Aurora, IN, 47001 | $283/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Aurora at 304 Hanover Ave, Aurora, IN, 47001 offers $1,303/mo rent that, after a $832/mo payment, leaves $283/mo cash flow. Total monthly income is $1,303/mo, and annual cash flow is $3,391/yr on $56,355 cash. Return on cash invested measures 25.93% in year one, and rental yield stands at 9.2% at a $170,000 entry. Equity gained on principal adds $1,097/yr while 5% annual appreciation compounds into $46,968 by year five. Five-year ROI records 134.91% and total cumulative return in cash reaches $76,029. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,303/mo property income versus a $832/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1910

4,791 sqft lot

$N/A/sqft

No HOA

More details about the property

One of the nicest streets in Aurora & located in Westside Aurora's first sub-division. Hanover Ave is a quiet deadend street that runs the length of a peninsula that was created as Hogan creek winds its way to the Ohio river. Step back in time with this Home built in 1910. It has not been on the market for many decades & still has many of the features that give these older homes their charm, the wood work, transoms over the doors, & much more. This Home is in with-in walking distance of Historic Downtown Aurora with access to shopping, dining, events, attractions, marinas and a short drive to the 275 loop if work takes you into Cincinnati or Northern Kentucky. They don't make them like this anymore.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47001, Aurora, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,472 (100%)
Owner Occupied HU	3,240 (72.5%)
Renter Occupied HU	844 (18.9%)
Vacant Housing Units	388 ( 8.7%)
Median Home Value	$213,898
Average Home Value	$248,906