Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in New Haven at 1244 Melbourne Ct, New Haven, IN, 46774 offers a 9.52% rental yield on a $133,000 purchase with $1,055/mo rent. Total monthly income registers $1,055/mo, and a $651/mo payment leaves $137/mo available for distribution. Annual cash flow reaches $1,649/yr on $44,090 to close, and return on cash invested stands at 23.65% in year one. Equity gained on principal adds $858/yr while 5% annual appreciation supports $36,745 over five years. Portfolio math shows five-year ROI at 123.91% and total cumulative return in cash at $54,633. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,055/mo property income against a $651/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46774, New Haven, IN area.
| 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 |
Residential
7,319
Single Family
7,319
Multi-Family
0
Businesses
419
Date | Event | Price |
|---|---|---|
| 2025-09-13 | Listed for sale | $133,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-09-16 | $2534.00 | 7.83% | $147,000 | 16.02% |
| 2023-09-16 | $2350.00 | 20.76% | $126,700 | 7.83% |
| 2022-09-16 | $1946.00 | 4.74% | $117,500 | 20.76% |
What's Special
Pull Down Stairs
Listed by: James E Fanger • Cash For Keys, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202537045
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
