226 Freeman LnNew HarmonyIN47631
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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
Rental property for sale in New Harmony at 226 Freeman Ln, New Harmony, IN, 47631 offers $1,620/mo rent that, after a $1,174/mo payment, leaves $180/mo cash flow. Total monthly income is $1,620/mo, and annual cash flow is $2,161/yr on $79,527 cash. Return on cash invested measures 22.63% in year one, and rental yield stands at 8.1% at a $239,900 entry. Equity gained on principal adds $1,548/yr while 5% annual appreciation compounds into $66,280 by year five. Five-year ROI records 117.22% and total cumulative return in cash reaches $93,223. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,620/mo property income versus a $1,174/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1900
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47631, New Harmony, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 999 (100%) |
| Owner Occupied HU | 708 (70.9%) |
| Renter Occupied HU | 140 (14.0%) |
| Vacant Housing Units | 151 (15.1%) |
| Median Home Value | $231,905 |
| Average Home Value | $285,459 |
Housing Distribution
Address Breakdown
Residential
546
Single Family
546
Multi-Family
0
Businesses
70
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Listed by: Aaron Wilson • Hahn Kiefer Real Estate Services
Mls Name: IRMLS
Mls ID: #202600381