7709 S Saluda Paynesville RdHanoverIN47243
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
Investment Highlights
Rental property for sale in Hanover at 7709 S Saluda Paynesville Rd, Hanover, IN, 47243 generates $2,453/mo in rent, after a $2,470/mo payment. Total monthly income is $2,453/mo. Return on cash invested sits at 15.89% in year one, and rental yield is 5.83% on a $504,600 entry. Equity gained on principal adds $3,256/yr, while 5% annual appreciation builds toward $139,412 over five years. Five-year ROI reaches 81.04% and total cumulative return in cash sums $134,544. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,453/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
16.76 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47243, Hanover, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,377 (100%) |
| Owner Occupied HU | 1,473 (62.0%) |
| Renter Occupied HU | 636 (26.8%) |
| Vacant Housing Units | 268 (11.3%) |
| Median Home Value | $218,782 |
| Average Home Value | $242,566 |
Housing Distribution
Address Breakdown
Residential
2,184
Single Family
2,153
Multi-Family
31
Businesses
96
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices