504 Hanover AveAuroraIN47001
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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 Aurora at 504 Hanover Ave, Aurora, IN, 47001 at $289,500 posts ROI 20.86% with $76/mo cash flow from $1,814/mo rent. Total monthly income equals $1,814/mo, and annual cash flow records $914/yr on $95,969 to close. Return on cash invested measures 20.86% and rental yield reads 7.52% at the current $289,500. Equity gained on principal adds $1,868/yr, and 5% annual appreciation supports $79,984 by year five. Five-year ROI prints 107.74% and total cumulative return in cash totals $103,395.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,814/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1940
10,105 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47001, Aurora, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,472 (100%) |
| Owner Occupied HU | 3,240 (72.5%) |
| Renter Occupied HU | 844 (18.9%) |
| Vacant Housing Units | 388 ( 8.7%) |
| Median Home Value | $213,898 |
| Average Home Value | $248,906 |
Housing Distribution
Address Breakdown
Residential
4,351
Single Family
4,282
Multi-Family
69
Businesses
296
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