607 W Davis StHamletIN46532
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Nearby investment properties with comparable prices
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
Investment property for sale in Hamlet at 607 W Davis St, Hamlet, IN, 46532 at $180,000 posts ROI 28.18% with $412/mo cash flow from $1,492/mo rent. Total monthly income equals $1,492/mo, and annual cash flow records $4,938/yr on $59,670 to close. Return on cash invested measures 28.18% and rental yield reads 9.95% at the current $180,000. Equity gained on principal adds $1,162/yr, and 5% annual appreciation supports $49,731 by year five. Five-year ROI prints 147% and total cumulative return in cash totals $87,713.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,492/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Manufactured
Built in 2015
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46532, Hamlet, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 792 (100%) |
| Owner Occupied HU | 587 (74.1%) |
| Renter Occupied HU | 146 (18.4%) |
| Vacant Housing Units | 59 ( 7.4%) |
| Median Home Value | $163,750 |
| Average Home Value | $201,116 |
Housing Distribution
Address Breakdown
Residential
566
Single Family
566
Multi-Family
0
Businesses
43
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Nearby investment properties with comparable prices
Listed by: Sarah Sanders • Redlow Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202438011
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.