2601 W New Goshen AveWest Terre HauteIN47863
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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 West Terre Haute at 2601 W New Goshen Ave, West Terre Haute, IN, 47863 offers a 5.19% rental yield on a $259,900 purchase with $1,123/mo rent. 82% in year one. Equity gained on principal adds $1,677/yr while 5% annual appreciation supports $71,806 over five years. Portfolio math shows five-year ROI at 69.94% and total cumulative return in cash at $60,262. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,123/mo property income against a $1,272/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1960
1.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47863, New Goshen, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 31 (100%) |
| Owner Occupied HU | 24 (77.4%) |
| Renter Occupied HU | 4 (12.9%) |
| Vacant Housing Units | 3 ( 9.7%) |
| Median Home Value | $166,667 |
| Average Home Value | $419,583 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
7
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Listed by: Bart Hill • Key Associates Signature Realty
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22079215