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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Hanover at 3990 West 10 Cent Road, Hanover, IN, 47243 earns $437/mo cash flow from $1,126/mo rent with a $562/mo payment. Total monthly income totals $1,126/mo, and annual cash flow totals $5,240/yr on $38,089 capital. ROI tracks 33.67% on current figures, and rental yield reads 11.76% at a $114,900 purchase. Equity gained on principal adds $741/yr, and 5% annual appreciation supports $31,745 over five years. Five-year ROI reaches 176.37% and total cumulative return in cash sums $67,178. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,126/mo property income instead of your personal income.
Single Family
Built in 1900
2 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47243, Hanover, IN area.
| 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 |
Residential
2,184
Single Family
2,153
Multi-Family
31
Businesses
96
Date | Event | Price |
|---|---|---|
| 2024-10-09 | Price change | $114,900 |
| 2024-09-27 | Listed for sale | $119,900 |
| 2024-09-12 | Listing removed | $115,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-10-14 | $523.94 | 12.18% | $47,900 | -4.39% |
| 2022-10-14 | $467.04 | -2.87% | $50,100 | 12.08% |
| 2021-10-14 | $480.84 | 6.31% | $44,700 | N/A |
Listed by: Dawn Frye • Keller Williams Louisville
Mls Name: SIRA
Mls Provider:
Mls ID: #2024011119
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.
