405 S Main StHymeraIN47855
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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 Hymera at 405 S Main St, Hymera, IN, 47855 uses $89,505 cash to close to unlock $4,137/yr annual cash flow and $345/mo monthly cash flow. Total monthly income runs $1,966/mo, and a $1,322/mo payment keeps the spread at $345/mo. Purchase price stands at $270,000, and rental yield measures 8.74% with $1,966/mo rent. Return on cash invested shows 24.53% in year one, and 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 127.4% and total cumulative return in cash records $114,025. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,966/mo property income covering a $1,322/mo payment rather than investor’s personal income.
Single Family
Built in 1979
5.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47855, Hymera, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 265 (100%) |
| Owner Occupied HU | 197 (74.3%) |
| Renter Occupied HU | 29 (10.9%) |
| Vacant Housing Units | 39 (14.7%) |
| Median Home Value | $148,214 |
| Average Home Value | $165,254 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
17
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