3840 E Mill St #5HamiltonIN46742
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingCapital preservation and steady income define 3840 E Mill St #5, Hamilton, IN, 46742 in Hamilton. Rental yield 6.17%. The 1.14 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $111,894 and $3,730/yr in principal reduction project total return of $119,599.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.2% | 6.0% |
| Monthly Cash Flow | $(536) | $300 |
City averages based on Hamilton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,081 |
| Total Monthly Debt Service | $2,455 |
| DSCR Ratio | 0.85x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Condo
Built in 2002
0.55 Acres lot
$N/A/sqft
$175 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46742, Hamilton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,165 (100%) |
| Owner Occupied HU | 1,271 (58.7%) |
| Renter Occupied HU | 197 ( 9.1%) |
| Vacant Housing Units | 697 (32.2%) |
| Median Home Value | $357,713 |
| Average Home Value | $393,855 |
Housing Distribution
Address Breakdown
Residential
1,527
Single Family
1,527
Multi-Family
0
Businesses
82
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Condo
Built in 2002
0.55 Acres lot
$N/A/sqft
$175 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46742, Hamilton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,165 (100%) |
| Owner Occupied HU | 1,271 (58.7%) |
| Renter Occupied HU | 197 ( 9.1%) |
| Vacant Housing Units | 697 (32.2%) |
| Median Home Value | $357,713 |
| Average Home Value | $393,855 |
Housing Distribution
Address Breakdown
Residential
1,527
Single Family
1,527
Multi-Family
0
Businesses
82
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Barbara Hendrick • Coldwell Banker Real Estate Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202521238
Disclaimer: 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.