940 Penny CtHobartIN46342
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 940 Penny Ct, Hobart, IN, 46342 at $291,750 posts ROI 30.02% with $815/mo cash flow from $2,701/mo rent. Total monthly income equals $2,701/mo, and annual cash flow records $9,776/yr on $96,715 to close. Return on cash invested measures 30.02% and rental yield reads 11.11% at the current $291,750. Equity gained on principal adds $1,883/yr, and 5% annual appreciation supports $80,605 by year five. Five-year ROI prints 157.42% and total cumulative return in cash totals $152,246.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,701/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Townhouse
Built in 2023
2,526 sqft lot
$N/A/sqft
$135 monthly 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
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Nearby investment properties with comparable prices
Listed by: Mark Keene • BS Realty Services Indiana, LL
Mls Name: NIRA
Mls Provider:
Mls ID: #800317
Disclaimer: Copyright 2024 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.