705 Hanover Dr, New Whiteland, IN, 46184 | $440/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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705 Hanover Dr, New Whiteland, IN, 46184 | $440/mo Cash Flow | Ziffy

For Sale

Listed for sale today

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 New Whiteland at 705 Hanover Dr, New Whiteland, IN, 46184 listed at $179,900 pairs $1,520/mo rent with a $881/mo payment to leave $440/mo cash flow. Total monthly income runs $1,520/mo, and annual cash flow reaches $5,275/yr on $59,637 cash to close. Return on cash invested measures 28.75% in year one, and rental yield registers 10.14% at a $179,900 basis. Equity gained on principal adds $1,161/yr, and annual property appreciation at 5% supports $49,703 by year five. Five-year ROI tracks 150.04% and total cumulative return in cash totals $89,481. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,520/mo property income relative to a $881/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1955

0.26 Acres lot

$N/A/sqft

No HOA

More details about the property

Located in a convenient Whiteland location, this two bedroom, 1 bath ranch style home offers an excellent opportunity for affordable living with room to make it your own. The home features a spacious living room, large eat in kitchen with updates, and a functional layout ready for personal touches. A 2 car+ garage provides ample parking and storage. Enjoy outdoor spaces including a covered front porch and rear patio. The large corner lot with fenced rear yard offers privacy and plenty of space for pets, and gardening. This 2 bedroom home could be converted to a 3 bedroom if washer and dryer are moved. Home is a great option for buyers looking for value, potential, and convenience. Seller isn't sure the condition of the washer and dryer, have never used and are not currently hooked up.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46184, Whiteland, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,190 (100%)
Owner Occupied HU	4,390 (84.6%)
Renter Occupied HU	740 (14.3%)
Vacant Housing Units	60 ( 1.2%)
Median Home Value	$261,290
Average Home Value	$282,753