515 N Monroe StHartford CityIN47348
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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 Hartford City at 515 N Monroe St, Hartford City, IN, 47348 priced at $108,000 converts $2,004/mo rent into $1,275/mo cash flow after a $529/mo obligation. Total monthly income equals $2,004/mo, and annual cash flow totals $15,298/yr on $35,802 invested. Return on cash invested prints 62.64% in year one, and rental yield reads 22.27% against a $108,000 entry. Equity gained on principal adds $697/yr, while 5% annual appreciation compiles into $29,838 by year five. Five-year ROI reaches 332.75% and total cumulative return in cash sums $119,132. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,004/mo property income covering a $529/mo payment, not borrower’s personal income.
Single Family
Built in 1965
7,405 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
4,189
Single Family
4,089
Multi-Family
100
Businesses
294
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Listed by: Mary Cordle • Berkshire Hathaway Indiana Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202401921
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.