97 Hartman Ct NEPalmyraIN47164
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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
Rental property for sale in Palmyra at 97 Hartman Ct NE, Palmyra, IN, 47164 priced at $275,000 converts $1,655/mo rent into $4/mo cash flow after a $1,346/mo obligation. Total monthly income equals $1,655/mo, and annual cash flow totals $51/yr on $91,163 invested. Return on cash invested prints 19.96% in year one, and rental yield reads 7.22% against a $275,000 entry. Equity gained on principal adds $1,775/yr, while 5% annual appreciation compiles into $75,977 by year five. Five-year ROI reaches 102.94% and total cumulative return in cash sums $93,839. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,655/mo property income covering a $1,346/mo payment, not borrower’s personal income.
Manufactured
Built in 2006
5.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47164, Palmyra, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,602 (100%) |
| Owner Occupied HU | 1,200 (74.9%) |
| Renter Occupied HU | 292 (18.2%) |
| Vacant Housing Units | 110 ( 6.9%) |
| Median Home Value | $230,747 |
| Average Home Value | $244,842 |
Housing Distribution
Address Breakdown
Residential
1,490
Single Family
1,490
Multi-Family
0
Businesses
69
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