826 E 860 SHamletIN46532
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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
Investment Highlights
Investment property for sale in Hamlet at 826 E 860 S, Hamlet, IN, 46532 uses $36,432 cash to close to unlock $2,234/yr annual cash flow and $186/mo monthly cash flow. Total monthly income runs $846/mo, and a $538/mo payment keeps the spread at $186/mo. Purchase price stands at $109,900, and rental yield measures 9.24% with $846/mo rent. Return on cash invested shows 26.04% in year one, and 5% annual appreciation builds toward $30,363 over five years. Five-year ROI reaches 135.62% and total cumulative return in cash records $49,408. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $846/mo property income covering a $538/mo payment rather than investor’s personal income.
Single Family
Built in 1948
0.62 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
566
Single Family
566
Multi-Family
0
Businesses
43
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