508 N Cherry St, Hartford City, IN, 47348 | $183/mo Cash Flow

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Hartford City at 508 N Cherry St, Hartford City, IN, 47348 listed at $227,000 pairs $1,546/mo rent with a $1,111/mo payment to leave $183/mo cash flow. Total monthly income runs $1,546/mo, and annual cash flow reaches $2,201/yr on $75,251 cash to close. Return on cash invested measures 22.83% in year one, and rental yield registers 8.17% at a $227,000 basis. Equity gained on principal adds $1,465/yr, and annual property appreciation at 5% supports $62,716 by year five. Five-year ROI tracks 118.31% and total cumulative return in cash totals $89,029. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,546/mo property income relative to a $1,111/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 2025

7,840 sqft lot

$N/A/sqft

No HOA

More details about the property

**Welcome to your BRAND NEW Home** This Move-In-Ready Barndominium will not disappoint! 2x6 Construction, All Metal Siding & Roof makes for a truly low Maintenance Home. This Charming Home Features a Custom Kitchen, 9ft Ceilings, Rustic Woodwork, 3 Bedrooms, 1 Large Bathroom, and a Full size Laundry Room! Open concept Kitchen with Knotty Alder Cabinets! Enjoy Meals at the Counter Bar or utilize all the Prep space! Soft Close Drawers, Double Pantry, and Brand New Kitchen Appliances! Inviting living Room offers tons of Natural light! Sit and Watch the Sunsets or sip your coffee on the 5x17 Front Porch! 14x11 Primary bedroom Features a 6ft Walk in Closet! 2 other Spacious Bedrooms with Ample Closet space. LED Lighting inside, Ceiling Fans in All the Bedrooms and Solid Wood doors and trim throughout! Out Back you will find a Large Backyard and Gravel Parking area for 2-3 Cars. Plenty of Room for a Potential Garage or Shed! Come See this Amazing One of a Kind home Close to Downtown, Parks, Shopping, & More! This Hartford City Gem is Waiting for a Buyer! Schedule a Private Tour today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47348, Hartford City, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	4,529 (100%)
Owner Occupied HU	2,979 (65.8%)
Renter Occupied HU	1,023 (22.6%)
Vacant Housing Units	527 (11.6%)
Median Home Value	$107,731
Average Home Value	$137,774