305 Steammill St, New Harmony, IN, 47631 | 6.73% Rental Yield

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in New Harmony at 305 Steammill St, New Harmony, IN, 47631 priced at $123,000 pairs $690/mo rent with after a $602/mo payment. Total monthly income equals $690/mo. Return on cash invested is 18.49% in year one, and rental yield stands at 6.73% on a $123,000 basis. Equity gained on principal adds $794/yr, and 5% annual appreciation accumulates to $33,983 by year five. Five-year ROI measures 95% and total cumulative return in cash reaches $38,737. For financing, Ziffy Mortgage’s DSCR program evaluates $690/mo property income against a $602/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 1932

0.31 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