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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Hobart at 3313 N Lake Park Ave, Hobart, IN, 46342 offers a 10.31% rental yield on a $210,900 purchase with $1,812/mo rent. Total monthly income registers $1,812/mo, and a $1,032/mo payment leaves $489/mo available for distribution. Annual cash flow reaches $5,865/yr on $69,913 to close, and return on cash invested stands at 28.3% in year one. Equity gained on principal adds $1,361/yr while 5% annual appreciation supports $58,268 over five years. Portfolio math shows five-year ROI at 147.93% and total cumulative return in cash at $103,426. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,812/mo property income against a $1,032/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1959
8,494 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46342, Hobart, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,699 (100%) |
| Owner Occupied HU | 9,996 (73.0%) |
| Renter Occupied HU | 2,806 (20.5%) |
| Vacant Housing Units | 897 ( 6.5%) |
| Median Home Value | $231,713 |
| Average Home Value | $262,010 |
Residential
13,166
Single Family
11,782
Multi-Family
1,384
Businesses
705
Date | Event | Price |
|---|---|---|
| 2024-10-11 | Listing removed | $219,900 |
| 2024-09-30 | Listed for sale | $230,000 |
| 2022-06-16 | Sold | $180,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-29 | $2439.34 | 77.23% | $194,600 | 6.05% |
| 2023-10-29 | $1376.36 | 35.48% | $183,500 | 59.84% |
| 2022-10-29 | $1015.94 | 8.83% | $114,800 | 17.26% |
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A
