28981 State Road 2New carlisleIN46552
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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 carlisle at 28981 State Road 2, New carlisle, IN, 46552 generates $3,103/mo in rent and, after a $1,951/mo payment, leaves $710/mo in cash flow. Total monthly income is $3,103/mo, and annual cash flow is $8,523/yr on $132,136 invested. Return on cash invested sits at 26.36% in year one, and rental yield is 9.34% on a $398,600 entry. Equity gained on principal adds $2,572/yr, while 5% annual appreciation builds toward $110,126 over five years. Five-year ROI reaches 137.21% and total cumulative return in cash sums $181,304. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,103/mo property income rather than buyer’s personal income.
Single Family
Built in 1969
1.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46552, New Carlisle, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,992 (100%) |
| Owner Occupied HU | 2,115 (70.7%) |
| Renter Occupied HU | 521 (17.4%) |
| Vacant Housing Units | 356 (11.9%) |
| Median Home Value | $262,293 |
| Average Home Value | $301,338 |
Housing Distribution
Address Breakdown
Residential
2,187
Single Family
2,085
Multi-Family
102
Businesses
155
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