347 Fox Trail CtHobartIN46342
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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
Investment Highlights
Rental property for sale in Hobart at 347 Fox Trail Ct, Hobart, IN, 46342 priced at $279,900 converts $2,339/mo rent into $659/mo cash flow after a $1,370/mo obligation. Total monthly income equals $2,339/mo, and annual cash flow totals $7,905/yr on $92,787 invested. Return on cash invested prints 28.43% in year one, and rental yield reads 10.03% against a $279,900 entry. Equity gained on principal adds $1,806/yr, while 5% annual appreciation compiles into $77,331 by year five. Five-year ROI reaches 148.29% and total cumulative return in cash sums $137,593. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,339/mo property income covering a $1,370/mo payment, not borrower’s personal income.
Single Family
Built in 1999
5,488 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46342, Hobart, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
13,166
Single Family
11,782
Multi-Family
1,384
Businesses
705
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