104 W Pine StNew MarketIN47965
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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 New Market at 104 W Pine St, New Market, IN, 47965 generates $1,350/mo in rent and, after a $793/mo payment, leaves $377/mo in cash flow. Total monthly income is $1,350/mo, and annual cash flow is $4,529/yr on $53,703 invested. Return on cash invested sits at 28.34% in year one, and rental yield is 10% on a $162,000 entry. Equity gained on principal adds $1,045/yr, while 5% annual appreciation builds toward $44,758 over five years. Five-year ROI reaches 147.87% and total cumulative return in cash sums $79,409. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,350/mo property income rather than buyer’s personal income.
Single Family
Built in 1900
10,497 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47965, New Market, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 203 (100%) |
| Owner Occupied HU | 173 (85.2%) |
| Renter Occupied HU | 18 ( 8.9%) |
| Vacant Housing Units | 12 ( 5.9%) |
| Median Home Value | $281,548 |
| Average Home Value | $303,165 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
21
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Listed by: Skyler Viray • Trueblood Real Estate
Mls Name: IRMLS
Mls ID: #202601176