1135 Summit StNew HavenIN46774
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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 New Haven at 1135 Summit St, New Haven, IN, 46774 listed at $118,500 pairs $978/mo rent with a $580/mo payment to leave $267/mo cash flow. Total monthly income runs $978/mo, and annual cash flow reaches $3,200/yr on $39,283 cash to close. Return on cash invested measures 28.05% in year one, and rental yield registers 9.9% at a $118,500 basis. Equity gained on principal adds $765/yr, and annual property appreciation at 5% supports $32,739 by year five. Five-year ROI tracks 146.3% and total cumulative return in cash totals $57,472. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $978/mo property income relative to a $580/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1920
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46774, New Haven, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,456 (100%) |
| Owner Occupied HU | 5,717 (76.7%) |
| Renter Occupied HU | 1,485 (19.9%) |
| Vacant Housing Units | 254 ( 3.4%) |
| Median Home Value | $214,229 |
| Average Home Value | $251,615 |
Housing Distribution
Address Breakdown
Residential
7,319
Single Family
7,319
Multi-Family
0
Businesses
419
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