2874 W Locust AveNew GoshenIN47863
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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
Rental property for sale in New Goshen at 2874 W Locust Ave, New Goshen, IN, 47863 generates $1,054/mo in rent and, after a $612/mo payment, leaves $303/mo in cash flow. Total monthly income is $1,054/mo, and annual cash flow is $3,642/yr on $41,438 invested. Return on cash invested sits at 28.7% in year one, and rental yield is 10.12% on a $125,000 entry. Equity gained on principal adds $807/yr, while 5% annual appreciation builds toward $34,535 over five years. Five-year ROI reaches 149.79% and total cumulative return in cash sums $62,069. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,054/mo property income rather than buyer’s personal income.
Single Family
Built in 1910
6,534 sqft 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: KELSEY RICH • THE REAL ESTATE CONNECTION
Mls Name: THAAR
Mls ID: #108253