5933 Hoagland RdDecaturIN46745
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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 Decatur at 5933 Hoagland Rd, Decatur, IN, 46745 generates $3,761/mo in rent, after a $6,852/mo payment. Total monthly income is $3,761/mo. Return on cash invested sits at 8.09% in year one, and rental yield is 3.22% on a $1,400,000 entry. Equity gained on principal adds $9,034/yr, while 5% annual appreciation builds toward $386,794 over five years. Five-year ROI reaches 39.11% and total cumulative return in cash sums $177,391. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,761/mo property income rather than buyer’s personal income.
Single Family
Built in 1978
21 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46745, Hoagland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 703 (100%) |
| Owner Occupied HU | 631 (89.8%) |
| Renter Occupied HU | 57 ( 8.1%) |
| Vacant Housing Units | 15 ( 2.1%) |
| Median Home Value | $312,105 |
| Average Home Value | $309,604 |
Housing Distribution
Address Breakdown
Residential
720
Single Family
701
Multi-Family
19
Businesses
41
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Listed by: Gary M Gerardot • Gerardot Realty, Inc.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524038
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.