106 E Main 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 106 E Main St, New Market, IN, 47965 priced at $199,900 converts $1,812/mo rent into $612/mo cash flow after a $978/mo obligation. Total monthly income equals $1,812/mo, and annual cash flow totals $7,349/yr on $66,267 invested. Return on cash invested prints 31% in year one, and rental yield reads 10.88% against a $199,900 entry. Equity gained on principal adds $1,290/yr, while 5% annual appreciation compiles into $55,229 by year five. Five-year ROI reaches 162.09% and total cumulative return in cash sums $107,413. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,812/mo property income covering a $978/mo payment, not borrower’s personal income.
Single Family
Built in 1910
0.30 Acres 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: Amber Greene • Greene Realty, LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22035778
Disclaimer: Based on information submitted to the MLS GRID as of 2025-05-01 08:12:58 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)