2675 New Middletown Elizabeth Road SENew MiddletownIN47160
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeReliable, bankable, and well-priced, 2675 New Middletown Elizabeth Road SE, New Middletown, IN, 47160 in New Middletown delivers $1,591/mo in gross rent and $391/mo in net monthly income at a $199,900 entry. The 9.55% yield and 1.77 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $55,229 over five years and $1,841/yr in equity from loan paydown, total projected return is $100,826.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 5.0% |
| Monthly Cash Flow | $391 | $400 |
City averages based on New Middletown market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,591 |
| Total Monthly Debt Service | $1,120 |
| DSCR Ratio | 1.42x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1948
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47160, New Middletown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 57 (100%) |
| Owner Occupied HU | 47 (82.5%) |
| Renter Occupied HU | 3 ( 5.3%) |
| Vacant Housing Units | 7 (12.3%) |
| Median Home Value | $278,125 |
| Average Home Value | $349,521 |
Housing Distribution
Address Breakdown
Residential
79
Single Family
79
Multi-Family
0
Businesses
4
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
Single Family
Built in 1948
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47160, New Middletown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 57 (100%) |
| Owner Occupied HU | 47 (82.5%) |
| Renter Occupied HU | 3 ( 5.3%) |
| Vacant Housing Units | 7 (12.3%) |
| Median Home Value | $278,125 |
| Average Home Value | $349,521 |
Housing Distribution
Address Breakdown
Residential
79
Single Family
79
Multi-Family
0
Businesses
4
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Tonya Boley • RE/MAX FIRST
Mls Name: SIRA
Mls ID: #2025012122