205 N Cherry StNew CarlisleIN46552
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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 Carlisle at 205 N Cherry St, New Carlisle, IN, 46552 with 5% annual appreciation on a $145,000 basis while $1,090/mo rent supports operations. Total monthly income totals $1,090/mo and a $710/mo payment preserves $219/mo for cash returns. Annual cash flow comes to $2,631/yr on $48,068 deployed, and return on cash invested reaches 25.38% in year one. Equity gained on principal adds $936/yr, and five-year appreciation sums $40,061 alongside rental yield of 9.02%. Five-year ROI measures 132.06% and total cumulative return in cash totals $63,476.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,090/mo property income versus a $710/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1960
0.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46552, New Carlisle, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,992 (100%) |
| Owner Occupied HU | 2,115 (70.7%) |
| Renter Occupied HU | 521 (17.4%) |
| Vacant Housing Units | 356 (11.9%) |
| Median Home Value | $262,293 |
| Average Home Value | $301,338 |
Housing Distribution
Address Breakdown
Residential
2,187
Single Family
2,085
Multi-Family
102
Businesses
155
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Listed by: Brad Anderson • Re/Max County Wide 1st
Mls Name: IRMLS
Mls ID: #202601151