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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in New Haven at 1513 Sherbrook Dr, New Haven, IN, 46774 offers $1,996/mo rent that, after a $1,077/mo payment, leaves $675/mo cash flow. Total monthly income is $1,996/mo, and annual cash flow is $8,102/yr on $72,930 cash. Return on cash invested measures 31.02% in year one, and rental yield stands at 10.89% at a $220,000 entry. Equity gained on principal adds $1,420/yr while 5% annual appreciation compounds into $60,782 by year five. Five-year ROI records 162.22% and total cumulative return in cash reaches $118,307. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,996/mo property income versus a $1,077/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1971
9,147 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 |
|---|---|---|
| No price history data available | ||
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||
Listed by: Eddie Arevalo • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls ID: #202536342
