120 Lynn Dee CtNew CarlisleIN46552
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Nearby investment properties with comparable prices
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 Carlisle at 120 Lynn Dee Ct, New Carlisle, IN, 46552 priced at $235,000 pairs $2,191/mo rent with $781/mo cash flow after a $1,150/mo payment. Total monthly income equals $2,191/mo, and annual cash flow comes to $9,366/yr on $77,903 invested. Return on cash invested is 31.93% in year one, and rental yield stands at 11.19% on a $235,000 basis. Equity gained on principal adds $1,516/yr, and 5% annual appreciation accumulates to $64,926 by year five. Five-year ROI measures 167.09% and total cumulative return in cash reaches $130,168. For financing, Ziffy Mortgage’s DSCR program evaluates $2,191/mo property income against a $1,150/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 2005
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46552, New Carlisle, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,992 (100%) |
| Owner Occupied HU | 2,115 (70.7%) |
| Renter Occupied HU | 521 (17.4%) |
| Vacant Housing Units | 356 (11.9%) |
| Median Home Value | $262,293 |
| Average Home Value | $301,338 |
Housing Distribution
Address Breakdown
Residential
2,187
Single Family
2,085
Multi-Family
102
Businesses
155
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Listed by: Stephanie Crothers • Re/Max County Wide 1st
Mls Name: IRMLS
Mls ID: #202539529