20603 Us Highway 6New 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 20603 Us Highway 6, New Paris, IN, 46553 listed at $419,000 pairs $2,515/mo rent with a $2,051/mo payment. Total monthly income runs $2,515/mo. Return on cash invested measures 19.91% in year one, and rental yield registers 7.2% at a $419,000 basis. Equity gained on principal adds $2,704/yr, and annual property appreciation at 5% supports $115,762 by year five. Five-year ROI tracks 102.58% and total cumulative return in cash totals $142,481. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,515/mo property income relative to a $2,051/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1997
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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