351 N Elm StHagerstownIN47346
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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
Investment property for sale in Hagerstown at 351 N Elm St, Hagerstown, IN, 47346 offers a 11.64% rental yield on a $185,000 purchase with $1,795/mo rent. Total monthly income registers $1,795/mo, and a $905/mo payment leaves $685/mo available for distribution. Annual cash flow reaches $8,220/yr on $61,328 to close, and return on cash invested stands at 33.31% in year one. Equity gained on principal adds $1,194/yr while 5% annual appreciation supports $51,112 over five years. Portfolio math shows five-year ROI at 174.46% and total cumulative return in cash at $106,995. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,795/mo property income against a $905/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1907
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47346, Hagerstown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,634 (100%) |
| Owner Occupied HU | 1,247 (76.3%) |
| Renter Occupied HU | 282 (17.3%) |
| Vacant Housing Units | 105 ( 6.4%) |
| Median Home Value | $229,688 |
| Average Home Value | $242,149 |
Housing Distribution
Address Breakdown
Residential
1,576
Single Family
1,549
Multi-Family
27
Businesses
110
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Listed by: Matthew Huffman • F.C. Tucker/Crossroads
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22039712
Disclaimer: Based on information submitted to the MLS GRID as of 2025-11-03 22:13:21 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)