5890 S Haggard Rd, Morgantown, IN, 46160 | 2.92% Rental Yield

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5890 S Haggard Rd, Morgantown, IN, 46160 | 2.92% Rental Yield | Ziffy

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 Morgantown at 5890 S Haggard Rd, Morgantown, IN, 46160 earns from $3,406/mo rent with a $6,852/mo payment. Total monthly income totals $3,406/mo. ROI tracks 7.15% on current figures, and rental yield reads 2.92% at a $1,400,000 purchase. Equity gained on principal adds $9,034/yr, and 5% annual appreciation supports $386,794 over five years. Five-year ROI reaches 34.07% and total cumulative return in cash sums $154,531. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $3,406/mo property income instead of your personal income.

Single Family

Built in 2019

36.98 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to your private retreat-where comfort, space, and scenic beauty come together in perfect harmony. This expansive 5,400 sq ft, 3-bedroom, 3 full-bath home is nestled near the water on nearly 37 picturesque acres, offering the ideal blend of luxury living and rural charm. Step inside to discover a thoughtfully designed floor plan featuring a spacious recreational room, currently home to an impressive pinball collection - a fun, flexible space that could easily become a game room, home theater, gym, or hobby area. The master suite is a true sanctuary, boasting a luxurious 18x10 walk-in closet complete with in-suite washer and dryer for maximum convenience. Every bedroom offers generous proportions, while each bathroom is tastefully designed to provide comfort and style. A well-appointed mudroom sits just off the garage and recreational area, featuring floor-to-ceiling cabinetry and its own full bath-perfect for cleaning up after a day outdoors or welcoming guests with ease. Outdoors, the beauty continues with a tranquil pond complete with a dock-an ideal setting for fishing, relaxing, or hosting unforgettable events. A barn adds functionality and charm, whether you're dreaming of a hobby farm, equestrian pursuits, or additional event space. Don't miss the chance to own a slice of paradise! With wide-open views, rolling acreage, and natural beauty all around, this property is also a prime candidate for a wedding venue or special event space. The setting is unforgettable, the space is abundant, and the possibilities are endless. If you're looking for a home that offers privacy, personality, and potential-this one checks every box.

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