8 W Madison St, Hamlet, IN, 46532 | $497/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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8 W Madison St, Hamlet, IN, 46532 | $497/mo Cash Flow | Ziffy

For Sale

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 Hamlet at 8 W Madison St, Hamlet, IN, 46532 listed at $145,000 pairs $1,368/mo rent with a $710/mo payment to leave $497/mo cash flow. Total monthly income runs $1,368/mo, and annual cash flow reaches $5,967/yr on $48,068 cash to close. Return on cash invested measures 32.32% in year one, and rental yield registers 11.32% at a $145,000 basis. Equity gained on principal adds $936/yr, and annual property appreciation at 5% supports $40,061 by year five. Five-year ROI tracks 169.25% and total cumulative return in cash totals $81,356. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,368/mo property income relative to a $710/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1950

7,840 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this spacious 3-bedroom, 1-bath home offering 1,682 square feet of comfortable living. The large eat-in kitchen is ideal for family meals or entertaining, while the convenient main floor laundry adds ease to daily routines. A generous central room provides flexibility and can serve as a formal dining area or a living room. An additional main-level room offers even more optionsuse it as a second living space or easily convert it into a fourth bedroom to suit your needs. Also on the main floor is two bedrooms. Upstairs, youll find a third bedroom, a versatile loft area perfect for a home office or reading nook, and a spacious attic ideal for all your storage needs. This home is perfect for a variety of lifestyles. With room to adapt, this property offers the space and functionality to make it your own.

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