214 N Newton St, Goodland, IN, 47948 | $361/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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214 N Newton St, Goodland, IN, 47948 | $361/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Goodland at 214 N Newton St, Goodland, IN, 47948 offers $1,495/mo rent that, after a $925/mo payment, leaves $361/mo cash flow. Total monthly income is $1,495/mo, and annual cash flow is $4,326/yr on $62,654 cash. Return on cash invested measures 26.81% in year one, and rental yield stands at 9.49% at a $189,000 entry. Equity gained on principal adds $1,220/yr while 5% annual appreciation compounds into $52,217 by year five. Five-year ROI records 139.66% and total cumulative return in cash reaches $87,502. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,495/mo property income versus a $925/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1885

0.36 Acres lot

$N/A/sqft

No HOA

More details about the property

Immediate possession available! Qualifies for NO MONEY DOWN FINANCING! This charming 3 bedroom, 2 bath cape cod style home is ready for its new owners! With a large open kitchen, formal dining room and recently updated living room, there's plenty of room for everyone. The main floor also boasts a large master suite and separate laundry room. Upstairs you will find two generous sized bedrooms. The private backyard is perfect for your favorite pet to roam free, the regular get together, or enjoy the space and just relax. Keep your car out of the weather in the two car detached garage or make room for your favorite hobby! Call an agent today!

Neighborhood Data

Neighborhood data shown for ZIP Code: 47948, Goodland, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	578 (100%)
Owner Occupied HU	385 (66.6%)
Renter Occupied HU	137 (23.7%)
Vacant Housing Units	56 ( 9.7%)
Median Home Value	$152,961
Average Home Value	$175,396