1505 Victor Drive NE, New Salisbury, IN, 47161 | $348/mo Cash Flow

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1505 Victor Drive NE, New Salisbury, IN, 47161 | $348/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

Investment property for sale in New Salisbury at 1505 Victor Drive NE, New Salisbury, IN, 47161 offers a 8.4% rental yield on a $350,000 purchase with $2,449/mo rent. Total monthly income registers $2,449/mo, and a $1,713/mo payment leaves $348/mo available for distribution. Annual cash flow reaches $4,177/yr on $116,025 to close, and return on cash invested stands at 23.51% in year one. Equity gained on principal adds $2,258/yr while 5% annual appreciation supports $96,699 over five years. Portfolio math shows five-year ROI at 121.93% and total cumulative return in cash at $141,470. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,449/mo property income against a $1,713/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1995

10.04 Acres lot

$N/A/sqft

No HOA

More details about the property

Country living at its finest, as envisioned. This stunning country home is situated at the end of a dead-end road on over 10 acres of serene land in Harrison County. For those seeking peace, quiet, and seclusion, look no further. The property boasts 9 acres of wooded land, with just over an acre cleared, featuring a home and a large cleared area ideal for building a barn, garage, or other desired structures. A scenic road leads to the rear of the home, culminating in a circular driveway. The front of the home features a covered porch with a perfect sitting deck overlooking lush grass and woods. The home itself spans 2700 ft., providing ample space for you and your family to enjoy. Upon entering, a large stairwell and open space greets you. The living room is spacious and conveniently located just off the front porch, with a large opening leading into a dining room and kitchen. The kitchen is well-appointed with ample cabinet and counter space, as well as a large island perfect for conversation or relaxation. The main bedroom, located on the first floor, features its own private bathroom. The second floor offers a small hallway with bedrooms on either side and a shared bathroom in the middle. This home presents a unique opportunity to experience the best of country living. Schedule your showing today.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47161, New Salisbury, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,525 (100%)
Owner Occupied HU	1,218 (79.9%)
Renter Occupied HU	216 (14.2%)
Vacant Housing Units	91 ( 6.0%)
Median Home Value	$230,131
Average Home Value	$264,865