151 Old State Rd 64 NENew SalisburyIN47161
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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
Rental property for sale in New Salisbury at 151 Old State Rd 64 NE, New Salisbury, IN, 47161 generates $981/mo in rent and, after a $612/mo payment, leaves $230/mo in cash flow. Total monthly income is $981/mo, and annual cash flow is $2,766/yr on $41,438 invested. Return on cash invested sits at 26.58% in year one, and rental yield is 9.42% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 138.47% and total cumulative return in cash sums $57,377. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $981/mo property income rather than buyer’s personal income.
Single Family
Built in 2004
2 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
1,489
Single Family
1,489
Multi-Family
0
Businesses
43
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Listed by: Susan R Riley • RE/MAX FIRST
Mls Name: SIRA
Mls ID: #2025012009