493 E Hornettown RdMorgantownIN46160
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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 Morgantown at 493 E Hornettown Rd, Morgantown, IN, 46160 at $324,500 posts ROI 12.22% with from $1,258/mo rent. Total monthly income equals $1,258/mo. Return on cash invested measures 12.22% and rental yield reads 4.65% at the current $324,500. Equity gained on principal adds $2,094/yr, and 5% annual appreciation supports $89,653 by year five. Five-year ROI prints 61.38% and total cumulative return in cash totals $66,024. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,258/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 1932
23.88 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46160, Morgantown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,890 (100%) |
| Owner Occupied HU | 2,204 (76.3%) |
| Renter Occupied HU | 377 (13.0%) |
| Vacant Housing Units | 309 (10.7%) |
| Median Home Value | $254,857 |
| Average Home Value | $319,090 |
Housing Distribution
Address Breakdown
Residential
2,618
Single Family
2,618
Multi-Family
0
Businesses
119
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Nearby investment properties with comparable prices
Listed by: N/A • N/A
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