3792 Colbourne 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 3792 Colbourne St, Hobart, IN, 46342 priced at $227,000 converts $2,004/mo rent into $641/mo cash flow after a $1,111/mo obligation. Total monthly income equals $2,004/mo, and annual cash flow totals $7,697/yr on $75,251 invested. Return on cash invested prints 30.14% in year one, and rental yield reads 10.59% against a $227,000 entry. Equity gained on principal adds $1,465/yr, while 5% annual appreciation compiles into $62,716 by year five. Five-year ROI reaches 157.49% and total cumulative return in cash sums $118,513. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,004/mo property income covering a $1,111/mo payment, not borrower’s personal income.
Single Family
Built in 1955
0.92 Acres 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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Listed by: Sonia Diaz • Elite Source Realty, Inc.
Mls Name: NIRA
Mls Provider:
Mls ID: #810795
Disclaimer: Copyright 2024 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.