4420 16th 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 4420 16th St, Hobart, IN, 46342 uses $73,593 cash to close to unlock $9,785/yr annual cash flow and $815/mo monthly cash flow. Total monthly income runs $2,152/mo, and a $1,087/mo payment keeps the spread at $815/mo. Purchase price stands at $222,000, and rental yield measures 11.63% with $2,152/mo rent. Return on cash invested shows 33.21% in year one, and 5% annual appreciation builds toward $61,335 over five years. Five-year ROI reaches 173.94% and total cumulative return in cash records $128,007. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,152/mo property income covering a $1,087/mo payment rather than investor’s personal income.
Single Family
Built in 1963
8,751 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: Yolanda Casillas • @properties/Christie's Intl RE
Mls Name: NIRA
Mls Provider:
Mls ID: #811920
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