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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 Hanover at 367 W LaGrange Road, Hanover, IN, 47243 earns $334/mo cash flow from $1,385/mo rent with a $857/mo payment. Total monthly income totals $1,385/mo, and annual cash flow totals $4,008/yr on $58,013 capital. ROI tracks 26.82% on current figures, and rental yield reads 9.5% at a $175,000 purchase. Equity gained on principal adds $1,129/yr, and 5% annual appreciation supports $48,349 over five years. Five-year ROI reaches 139.74% and total cumulative return in cash sums $81,067. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,385/mo property income instead of your personal income.
Single Family
Built in 1956
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47243, Hanover, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,377 (100%) |
| Owner Occupied HU | 1,473 (62.0%) |
| Renter Occupied HU | 636 (26.8%) |
| Vacant Housing Units | 268 (11.3%) |
| Median Home Value | $218,782 |
| Average Home Value | $242,566 |
Residential
2,184
Single Family
2,153
Multi-Family
31
Businesses
96
Date | Event | Price |
|---|---|---|
| 2024-05-31 | Listed for sale | $175,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $1345.68 | 1.06% | $68,500 | 2.54% |
| 2022-10-14 | $1331.56 | 4.01% | $66,800 | 1.06% |
| 2021-10-14 | $1280.20 | 0.18% | $66,100 | 4.09% |
Listed by: Robin Mingione • eXp Realty, LLC
Mls Name: SIRA
Mls Provider:
Mls ID: #202408311
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.
