18597 County Road 48New ParisIN46553
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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 Paris at 18597 County Road 48, New Paris, IN, 46553 earns $138/mo cash flow from $1,428/mo rent with a $979/mo payment. Total monthly income totals $1,428/mo, and annual cash flow totals $1,650/yr on $66,300 capital. ROI tracks 22.4% on current figures, and rental yield reads 8.57% at a $200,000 purchase. Equity gained on principal adds $1,291/yr, and 5% annual appreciation supports $55,256 over five years. Five-year ROI reaches 116.57% and total cumulative return in cash sums $77,288. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,428/mo property income instead of your personal income.
Single Family
Built in 1979
3 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46553, New Paris, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,394 (100%) |
| Owner Occupied HU | 1,155 (82.9%) |
| Renter Occupied HU | 171 (12.3%) |
| Vacant Housing Units | 68 ( 4.9%) |
| Median Home Value | $254,924 |
| Average Home Value | $363,335 |
Housing Distribution
Address Breakdown
Residential
1,133
Single Family
1,133
Multi-Family
0
Businesses
129
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