4296 E State Hwy #32Union 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 4296 E State Hwy #32, Union City, IN, 47390 generates $1,140/mo in rent, after a $954/mo payment. Total monthly income is $1,140/mo. Return on cash invested sits at 19.35% in year one, and rental yield is 7.02% on a $195,000 entry. Equity gained on principal adds $1,258/yr, while 5% annual appreciation builds toward $53,875 over five years. Five-year ROI reaches 99.59% and total cumulative return in cash sums $64,378. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,140/mo property income rather than buyer’s personal income.
Single Family
Built in 1964
1.83 Acres 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: Jammie Michael • Tarter Realty Auction and Appraisal Company
Mls Name: IRMLS
Mls ID: #202602648