3753 Montgomery StHobartIN46342
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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 3753 Montgomery St, Hobart, IN, 46342 generates $1,329/mo in rent and, after a $832/mo payment, leaves $309/mo in cash flow. Total monthly income is $1,329/mo, and annual cash flow is $3,703/yr on $56,355 invested. Return on cash invested sits at 26.48% in year one, and rental yield is 9.38% on a $169,999 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation builds toward $46,968 over five years. Five-year ROI reaches 137.87% and total cumulative return in cash sums $77,697. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,329/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
8,145 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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