1407 Melbourne DrNew 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 1407 Melbourne Dr, New Haven, IN, 46774 uses $58,013 cash to close to unlock $3,672/yr annual cash flow and $306/mo monthly cash flow. Total monthly income runs $1,357/mo, and a $857/mo payment keeps the spread at $306/mo. Purchase price stands at $175,000, and rental yield measures 9.31% with $1,357/mo rent. Return on cash invested shows 26.24% in year one, and 5% annual appreciation builds toward $48,349 over five years. Five-year ROI reaches 136.64% and total cumulative return in cash records $79,267. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,357/mo property income covering a $857/mo payment rather than investor’s personal income.
Single Family
Built in 1962
8,712 sqft 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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