18 E North StNew PalestineIN46163
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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
Investment property for sale in New Palestine at 18 E North St, New Palestine, IN, 46163 with 5% annual appreciation on a $184,900 basis while $1,453/mo rent supports operations. Total monthly income totals $1,453/mo and a $905/mo payment preserves $343/mo for cash returns. Annual cash flow comes to $4,117/yr on $61,294 deployed, and return on cash invested reaches 26.63% in year one. Equity gained on principal adds $1,193/yr, and five-year appreciation sums $51,084 alongside rental yield of 9.43%. Five-year ROI measures 138.68% and total cumulative return in cash totals $85,003.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,453/mo property income versus a $905/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1951
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46163, New Palestine, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
5,690
Single Family
5,689
Multi-Family
1
Businesses
283
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Listed by: Tamara Wright • Hoosier, REALTORS
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22033527