1805 Richfield DrNew HavenIN46774
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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 Haven at 1805 Richfield Dr, New Haven, IN, 46774 generates $2,142/mo in rent and, after a $1,101/mo payment, leaves $792/mo in cash flow. Total monthly income is $2,142/mo, and annual cash flow is $9,501/yr on $74,554 invested. Return on cash invested sits at 32.65% in year one, and rental yield is 11.43% on a $224,900 entry. Equity gained on principal adds $1,451/yr, while 5% annual appreciation builds toward $62,136 over five years. Five-year ROI reaches 170.95% and total cumulative return in cash sums $127,453. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,142/mo property income rather than buyer’s personal income.
Single Family
Built in 1966
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46774, New Haven, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
7,319
Single Family
7,319
Multi-Family
0
Businesses
419
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