424 W Hickory StUnion CityIN47390
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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 Union City at 424 W Hickory St, Union City, IN, 47390 generates $843/mo in rent and, after a $538/mo payment, leaves $183/mo in cash flow. Total monthly income is $843/mo, and annual cash flow is $2,198/yr on $36,432 invested. Return on cash invested sits at 25.94% in year one, and rental yield is 9.2% on a $109,900 entry. Equity gained on principal adds $709/yr, while 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 135.09% and total cumulative return in cash sums $49,216. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $843/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
2,613 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47390, Union City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,407 (100%) |
| Owner Occupied HU | 1,421 (59.0%) |
| Renter Occupied HU | 683 (28.4%) |
| Vacant Housing Units | 303 (12.6%) |
| Median Home Value | $103,399 |
| Average Home Value | $160,151 |
Housing Distribution
Address Breakdown
Residential
2,226
Single Family
2,093
Multi-Family
133
Businesses
189
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Listed by: Brody Tarter • RE/MAX Evolve
Mls Name: IRMLS
Mls ID: #202602335