1603 McIntyre RoadNew WashingtonIN47162
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Investment property for sale in New Washington at 1603 McIntyre Road, New Washington, IN, 47162 offers a 9.94% rental yield on a $247,000 purchase with $2,047/mo rent. Total monthly income registers $2,047/mo, and a $1,209/mo payment leaves $564/mo available for distribution. Annual cash flow reaches $6,771/yr on $81,881 to close, and return on cash invested stands at 28.18% in year one. Equity gained on principal adds $1,594/yr while 5% annual appreciation supports $68,242 over five years. Portfolio math shows five-year ROI at 147% and total cumulative return in cash at $120,364. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,047/mo property income against a $1,209/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Manufactured
Built in 2007
3.23 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47162, New Washington, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 308 (100%) |
| Owner Occupied HU | 238 (77.3%) |
| Renter Occupied HU | 57 (18.5%) |
| Vacant Housing Units | 13 ( 4.2%) |
| Median Home Value | $292,105 |
| Average Home Value | $274,916 |
Housing Distribution
Address Breakdown
Residential
368
Single Family
368
Multi-Family
0
Businesses
42
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Nearby investment properties with comparable prices
Listed by: Rob Lewellen • Casa Bella Realty, LLC
Mls Name: SIRA
Mls ID: #2025010912