223 S Alexander St, Carlisle, IN, 47838 | $508/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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223 S Alexander St, Carlisle, IN, 47838 | $508/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

Investment property for sale in Carlisle at 223 S Alexander St, Carlisle, IN, 47838 offers a 11.96% rental yield on a $128,000 purchase with $1,276/mo rent. Total monthly income registers $1,276/mo, and a $627/mo payment leaves $508/mo available for distribution. Annual cash flow reaches $6,098/yr on $42,432 to close, and return on cash invested stands at 34.28% in year one. Equity gained on principal adds $826/yr while 5% annual appreciation supports $35,364 over five years. Portfolio math shows five-year ROI at 179.78% and total cumulative return in cash at $76,283. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,276/mo property income against a $627/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1930

0.47 Acres lot

$N/A/sqft

No HOA

More details about the property

If you're looking to get away for the hustle and bustle of City life and want somewhere peaceful and the charm of small tow living. This might be what you're looking for. This Bungalow style home is located in Carlisle, freshly remodeled 2-be 1-bath home is on a .47 Aces lot with a 2 car detach garage. Home has many updates in the past few months. Flooring, Paint, Counter tops, bathroom fixtures, Furnace and A/C are just a few items.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47838, Carlisle, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	928 (100%)
Owner Occupied HU	629 (67.8%)
Renter Occupied HU	168 (18.1%)
Vacant Housing Units	131 (14.1%)
Median Home Value	$133,125
Average Home Value	$193,217