2827/2829 John AveNew HarmonyIN47631
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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 New Harmony at 2827/2829 John Ave, New Harmony, IN, 47631 listed at $135,000 pairs $1,297/mo rent with a $661/mo payment to leave $486/mo cash flow. Total monthly income runs $1,297/mo, and annual cash flow reaches $5,836/yr on $44,753 cash to close. Return on cash invested measures 32.95% in year one, and rental yield registers 11.53% at a $135,000 basis. Equity gained on principal adds $871/yr, and annual property appreciation at 5% supports $37,298 by year five. Five-year ROI tracks 172.58% and total cumulative return in cash totals $77,233. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,297/mo property income relative to a $661/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Multi Family
Built in 1988
0.41 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: Bailey Wissel • Key Associates Signature Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510499
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.