3746 S State Route 62HanoverIN47243
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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 Hanover at 3746 S State Route 62, Hanover, IN, 47243 uses $65,637 cash to close to unlock $352/yr annual cash flow and $29/mo monthly cash flow. Total monthly income runs $1,344/mo, and a $969/mo payment keeps the spread at $29/mo. Purchase price stands at $198,000, and rental yield measures 8.15% with $1,344/mo rent. Return on cash invested shows 20.45% in year one, and 5% annual appreciation builds toward $54,704 over five years. Five-year ROI reaches 106.35% and total cumulative return in cash records $69,808. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,344/mo property income covering a $969/mo payment rather than investor’s personal income.
Single Family
Built in 1976
1.94 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47243, Hanover, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
2,184
Single Family
2,153
Multi-Family
31
Businesses
96
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Listed by: Jim Pruett • EXP Realty LLC
Mls Name: GLARMLS
Mls Provider:
Mls ID: #1660771
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