1415 Summit St, New Haven, IN, 46774 | $228/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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1415 Summit St, New Haven, IN, 46774 | $228/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in New Haven at 1415 Summit St, New Haven, IN, 46774 generates $1,128/mo in rent and, after a $734/mo payment, leaves $228/mo in cash flow. Total monthly income is $1,128/mo, and annual cash flow is $2,734/yr on $49,692 invested. Return on cash invested sits at 25.41% in year one, and rental yield is 9.03% on a $149,900 entry. Equity gained on principal adds $967/yr, while 5% annual appreciation builds toward $41,415 over five years. Five-year ROI reaches 132.09% and total cumulative return in cash sums $65,639. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,128/mo property income rather than buyer’s personal income.

Manufactured

Built in 1990

0.26 Acres lot

$N/A/sqft

No HOA

More details about the property

*OPEN HOUSE- SATURDAY 11/15 1-3 PM* Anchored on a permanent foundation, this manufactured home has been given a smart refresh from the outside in. New windows, doors, siding, and updated landscaping create a confident first impression. Inside, newer vinyl plank flooring guides you into a spacious great room centered around a corner brick fireplacewarm, textured, and ready for everyday living. The open layout connects easily to the kitchen w/breakfast bar and where new appliances (including a Bosch dishwasher, refrigerator, & range) keep things efficient. Built-ins frame the dining area, giving storage a thoughtful place to live. A flexible den/bonus room adapts to whatever you needoffice, studio, TV retreat. The primary en suite offers a private place to land, and the large laundry room adds real-life convenience. The detached garage already has a furnace in placejust needs gas hookupmaking it an easy candidate for year-round workshop space or extra storage. Thoughtful updates, light-filled living, and useful extras make this one feel instantly welcoming.

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