807 Franklin StHobartIN46342
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
Investment property for sale in Hobart at 807 Franklin St, Hobart, IN, 46342 earns $836/mo cash flow from $1,828/mo rent with a $674/mo payment. Total monthly income totals $1,828/mo, and annual cash flow totals $10,038/yr on $45,681 capital. ROI tracks 41.88% on current figures, and rental yield reads 15.92% at a $137,800 purchase. Equity gained on principal adds $889/yr, and 5% annual appreciation supports $38,072 over five years. Five-year ROI reaches 222.06% and total cumulative return in cash sums $101,440. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,828/mo property income instead of your personal income.
Single Family
Built in 1919
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46342, Hobart, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,699 (100%) |
| Owner Occupied HU | 9,996 (73.0%) |
| Renter Occupied HU | 2,806 (20.5%) |
| Vacant Housing Units | 897 ( 6.5%) |
| Median Home Value | $231,713 |
| Average Home Value | $262,010 |
Housing Distribution
Address Breakdown
Residential
13,166
Single Family
11,782
Multi-Family
1,384
Businesses
705
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices