980 Lane 201 Ball LkHamiltonIN46742
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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 Hamilton at 980 Lane 201 Ball Lk, Hamilton, IN, 46742 uses $87,814 cash to close to unlock $3,593/yr annual cash flow and $299/mo monthly cash flow. Total monthly income runs $1,890/mo, and a $1,297/mo payment keeps the spread at $299/mo. Purchase price stands at $264,900, and rental yield measures 8.56% with $1,890/mo rent. Return on cash invested shows 24% in year one, and 5% annual appreciation builds toward $73,187 over five years. Five-year ROI reaches 124.57% and total cumulative return in cash records $109,388. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,890/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Single Family
Built in 1979
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46742, Hamilton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,165 (100%) |
| Owner Occupied HU | 1,271 (58.7%) |
| Renter Occupied HU | 197 ( 9.1%) |
| Vacant Housing Units | 697 (32.2%) |
| Median Home Value | $357,713 |
| Average Home Value | $393,855 |
Housing Distribution
Address Breakdown
Residential
1,527
Single Family
1,527
Multi-Family
0
Businesses
82
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