7215 Monroeville RdHoaglandIN46745
INVESTMENT ANALYSIS
Investment Verdict
Solid Income7215 Monroeville Rd, Hoagland, IN, 46745 in Hoagland is a solid income-producing rental, 8.96% gross yield, $1,784/mo rent, $349/mo net cash flow on a $239,000 buy. DSCR 1.66 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $66,031 and $2,201/yr in principal reduction project a total cumulative return of $112,933.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 7.0% |
| Monthly Cash Flow | $349 | $200 |
City averages based on Hoagland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,784 |
| Total Monthly Debt Service | $1,340 |
| DSCR Ratio | 1.33x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1965
0.39 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
Nearby investment properties with comparable rents
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
Single Family
Built in 1965
0.39 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Gary M Gerardot • Gerardot Realty, Inc.
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516240
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.