3607 Canal Square Dr #2New HavenIN46774
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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 Haven at 3607 Canal Square Dr #2, New Haven, IN, 46774 offers a 7.62% rental yield on a $226,900 purchase with $1,440/mo rent. 69% in year one. Equity gained on principal adds $1,464/yr while 5% annual appreciation supports $62,688 over five years. Portfolio math shows five-year ROI at 96.97% and total cumulative return in cash at $72,941. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,440/mo property income against a $1,111/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 2022
2,570 sqft lot
$N/A/sqft
$154 monthly HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46774, New Haven, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,456 (100%) |
| Owner Occupied HU | 5,717 (76.7%) |
| Renter Occupied HU | 1,485 (19.9%) |
| Vacant Housing Units | 254 ( 3.4%) |
| Median Home Value | $214,229 |
| Average Home Value | $251,615 |
Housing Distribution
Address Breakdown
Residential
7,319
Single Family
7,319
Multi-Family
0
Businesses
419
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Listed by: Mandy McVey • ERA Crossroads
Mls Name: IRMLS
Mls Provider:
Mls ID: #202525027
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.