241 Mooreland Dr, New Whiteland, IN, 46184 | $624/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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241 Mooreland Dr, New Whiteland, IN, 46184 | $624/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 New Whiteland at 241 Mooreland Dr, New Whiteland, IN, 46184 listed at $175,000 pairs $1,675/mo rent with a $857/mo payment to leave $624/mo cash flow. Total monthly income runs $1,675/mo, and annual cash flow reaches $7,488/yr on $58,013 cash to close. Return on cash invested measures 32.82% in year one, and rental yield registers 11.49% at a $175,000 basis. Equity gained on principal adds $1,129/yr, and annual property appreciation at 5% supports $48,349 by year five. Five-year ROI tracks 171.91% and total cumulative return in cash totals $99,727. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,675/mo property income relative to a $857/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1958

8,276 sqft lot

$N/A/sqft

No HOA

More details about the property

Sprawling 4-Bedroom Ranch home in New Whiteland. Unbelievable price point with built-in equity for homeowners and investors alike. Sits directly across the street from West Park recreational area. Easy access to shopping, schools, US-31, and more! New dimensional roof just installed. Large yard featuring privacy fence fully enclosing the back yard. Sliding side gates for storage of boat, trailer, equipment, etc. 2 large storage sheds in rear - 1 with power connected. Covered patio, open deck, and fire pit. Newer replacement windows throughout. Custom cut, natural wood siding. Open interior layout with Great Room, Dining Area, Utility Room, Laundry Area, 4 Bedrooms, plenty of storage and split Bedroom layout. Some rooms feature newer laminate hardwood flooring. Newer gas HVAC, installed in 2021. Updated lighting, ceiling fans. Some further updating needed, priced accordingly. Tremendous opportunity and a must see!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46184, Whiteland, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,190 (100%)
Owner Occupied HU	4,390 (84.6%)
Renter Occupied HU	740 (14.3%)
Vacant Housing Units	60 ( 1.2%)
Median Home Value	$261,290
Average Home Value	$282,753