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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% |
Investment property for sale in New Palestine at 1585 S 600 W, New Palestine, IN, 46163 uses $87,848 cash to close to unlock $1,347/yr annual cash flow and $112/mo monthly cash flow. Total monthly income runs $1,703/mo, and a $1,297/mo payment keeps the spread at $112/mo. Purchase price stands at $265,000, and rental yield measures 7.71% with $1,703/mo rent. Return on cash invested shows 21.44% in year one, and 5% annual appreciation builds toward $73,215 over five years. Five-year ROI reaches 110.85% and total cumulative return in cash records $97,383. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,703/mo property income covering a $1,297/mo payment rather than investor’s personal income.
Single Family
Built in 1968
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46163, New Palestine, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,670 (100%) |
| Owner Occupied HU | 4,772 (84.2%) |
| Renter Occupied HU | 714 (12.6%) |
| Vacant Housing Units | 184 ( 3.2%) |
| Median Home Value | $330,678 |
| Average Home Value | $356,738 |
Residential
5,690
Single Family
5,689
Multi-Family
1
Businesses
283
Date | Event | Price |
|---|---|---|
| 2025-04-10 | Listed for sale | $265,000 |
| 2022-07-05 | Sold | $26,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-12 | $1473.56 | 5.73% | $219,000 | 10.94% |
| 2023-04-12 | $1393.72 | 10.64% | $197,400 | 7.46% |
| 2022-04-12 | $1259.74 | 12.82% | $183,700 | 17.23% |
What's Special
Access Only,Pull Down Stairs
Listed by: Rena Swails • F.C. Tucker Company
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22028601
Disclaimer: Based on information submitted to the MLS GRID as of 2025-04-12 08:22:47 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)
