51 E Graceland Heights DrHagerstownIN47346
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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
Rental property for sale in Hagerstown at 51 E Graceland Heights Dr, Hagerstown, IN, 47346 priced at $170,000 converts $720/mo rent into after a $832/mo obligation. Total monthly income equals $720/mo. Return on cash invested prints 13.51% in year one, and rental yield reads 5.08% against a $170,000 entry. Equity gained on principal adds $1,097/yr, while 5% annual appreciation compiles into $46,968 by year five. Five-year ROI reaches 68.3% and total cumulative return in cash sums $38,493. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $720/mo property income covering a $832/mo payment, not borrower’s personal income.
Single Family
Built in 1955
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47346, Hagerstown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,634 (100%) |
| Owner Occupied HU | 1,247 (76.3%) |
| Renter Occupied HU | 282 (17.3%) |
| Vacant Housing Units | 105 ( 6.4%) |
| Median Home Value | $229,688 |
| Average Home Value | $242,149 |
Housing Distribution
Address Breakdown
Residential
1,576
Single Family
1,549
Multi-Family
27
Businesses
110
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Listed by: Marissa Earls • RE/MAX Real Estate Groups
Mls Name: IRMLS
Mls ID: #202533414