2198 S Moeller CirNew PalestineIN46163
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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 Palestine at 2198 S Moeller Cir, New Palestine, IN, 46163 uses $109,395 cash to close to unlock $3,519/yr annual cash flow and $293/mo monthly cash flow. Total monthly income runs $2,274/mo, and a $1,615/mo payment keeps the spread at $293/mo. Purchase price stands at $330,000, and rental yield measures 8.27% with $2,274/mo rent. Return on cash invested shows 23.13% in year one, and 5% annual appreciation builds toward $91,173 over five years. Five-year ROI reaches 119.87% and total cumulative return in cash records $131,135. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,274/mo property income covering a $1,615/mo payment rather than investor’s personal income.
Single Family
Built in 2006
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46163, New Palestine, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,670 (100%) |
| Owner Occupied HU | 4,772 (84.2%) |
| Renter Occupied HU | 714 (12.6%) |
| Vacant Housing Units | 184 ( 3.2%) |
| Median Home Value | $330,678 |
| Average Home Value | $356,738 |
Housing Distribution
Address Breakdown
Residential
5,690
Single Family
5,689
Multi-Family
1
Businesses
283
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Listed by: Edie Horan • Home Bound Real Estate LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22081475