3978 Howard 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
Investment property for sale in Hobart at 3978 Howard St, Hobart, IN, 46342 uses $49,394 cash to close to unlock $3,010/yr annual cash flow and $251/mo monthly cash flow. Total monthly income runs $1,145/mo, and a $729/mo payment keeps the spread at $251/mo. Purchase price stands at $149,000, and rental yield measures 9.22% with $1,145/mo rent. Return on cash invested shows 26% in year one, and 5% annual appreciation builds toward $41,166 over five years. Five-year ROI reaches 135.28% and total cumulative return in cash records $66,820. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,145/mo property income covering a $729/mo payment rather than investor’s personal income.
Single Family
Built in 1958
6,229 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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Listed by: Jennifer Karban • McColly Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #809102
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.