304 Hanover AveAuroraIN47001
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 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
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 |
Housing Distribution
Address Breakdown
Residential
4,351
Single Family
4,282
Multi-Family
69
Businesses
296
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