4740 N 500 E, Hamlet, IN, 46532 | $300/mo Cash Flow

Save Search

Filters Applied

EditEdit Filters

Filters Applied:

Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

EditEdit Filters

4740 N 500 E, Hamlet, IN, 46532 | $300/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

Get Pre-Approved

Nearby investment properties with comparable rents

4 Bed
1 Bath
1832 sft

20166 S 875 W, La Crosse, IN, 46348

2 Bed
1 Bath
1056 sft

17622 S State Road 39, Hanna, IN, 46340

3 Bed
1 Bath
1338 sft

204 High St, North Judson, IN, 46366

2 Bed
2 Bath
1974 sft

2916 N Us Highway 421, Medaryville, IN, 47957

Nearby investment properties with comparable prices

2 Bed
1 Bath
1056 sft

17622 S State Road 39, Hanna, IN, 46340

4 Bed
2 Bath
1624 sft

502 Keller St, North Judson, IN, 46366

3 Bed
2 Bath
1620 sft

7835 W 850 S, North Judson, IN, 46366

2 Bed
1 Bath
2026 sft

10 N Michigan St, La Crosse, IN, 46348

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

Explore more listings using simple english

Investment Highlights

Investment property for sale in Hamlet at 4740 N 500 E, Hamlet, IN, 46532 uses $66,267 cash to close to unlock $3,605/yr annual cash flow and $300/mo monthly cash flow. Total monthly income runs $1,500/mo, and a $978/mo payment keeps the spread at $300/mo. Purchase price stands at $199,900, and rental yield measures 9% with $1,500/mo rent. Return on cash invested shows 25.35% in year one, and 5% annual appreciation builds toward $55,229 over five years. Five-year ROI reaches 131.8% and total cumulative return in cash records $87,337. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,500/mo property income covering a $978/mo payment rather than investor’s personal income.

Single Family

Built in 1940

0.50 Acres lot

$N/A/sqft

No HOA

More details about the property

Looking for peace and quiet with room to spread out? This updated three-bedroom, one-bath home in the country could be just what you're after. It offers a cozy but spacious feel with nearly 2,000 square feet inside. The main level features a large living room and a brand-new kitchenthink fresh cabinets, new flooring, and a nice layout. There's even a newly remodeled bathroom and a separate laundry space on the main floor. One bedroom is on the main level for easy access, while two more wait upstairs along with a big open loft space and additional room perfect for a home office or whatever creative idea youve been sitting on. Storage wont be a problem, either. The easy access basement has plenty of room to tuck things away. Step outside, and youll find yourself surrounded by quiet views and open spacea true country setting, but still close enough to get to Plymouth, LaPorte, or Valparaiso in under 30 minutes. Easy access to both US 35 and US 30 makes driving a breeze. With a brand-new roof on top and fresh paint and flooring throughout, this home doesnt just look the partits been thoroughly updated to make moving in easy. Located in the Oregon Davis school district, this property offers comfort, convenience, and a whole lot of calm. So, if youre ready to trade in the noise for a little more elbow room and a slower pace, this one is worth a look. This home is located on approx. .5 acres. The survey stakes/markers are in the ground. New Legal description to be recorded. Survey to be provided to buyer.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46532, Hamlet, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	792 (100%)
Owner Occupied HU	587 (74.1%)
Renter Occupied HU	146 (18.4%)
Vacant Housing Units	59 ( 7.4%)
Median Home Value	$163,750
Average Home Value	$201,116