8977 Old Haggard RdMorgantownIN46160
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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 Morgantown at 8977 Old Haggard Rd, Morgantown, IN, 46160 listed at $140,000 pairs $930/mo rent with a $685/mo payment to leave $90/mo cash flow. Total monthly income runs $930/mo, and annual cash flow reaches $1,078/yr on $46,410 cash to close. Return on cash invested measures 22.23% in year one, and rental yield registers 7.97% at a $140,000 basis. Equity gained on principal adds $903/yr, and annual property appreciation at 5% supports $38,679 by year five. Five-year ROI tracks 115.06% and total cumulative return in cash totals $53,398. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $930/mo property income relative to a $685/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Manufactured
Built in 1991
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46160, Morgantown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,890 (100%) |
| Owner Occupied HU | 2,204 (76.3%) |
| Renter Occupied HU | 377 (13.0%) |
| Vacant Housing Units | 309 (10.7%) |
| Median Home Value | $254,857 |
| Average Home Value | $319,090 |
Housing Distribution
Address Breakdown
Residential
2,618
Single Family
2,618
Multi-Family
0
Businesses
119
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Listed by: Kevin Sebastian • RE/MAX Allstars
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22081615