3609 Canal Square Dr #SWVMDW, New Haven, IN, 46774 | $794/mo Cash Flow

Off market

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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 Haven at 3609 Canal Square Dr #SWVMDW, New Haven, IN, 46774 offers $2,210/mo rent that, after a $1,155/mo payment, leaves $794/mo cash flow. Total monthly income is $2,210/mo, and annual cash flow is $9,523/yr on $78,201 cash. Return on cash invested measures 32.09% in year one, and rental yield stands at 11.24% at a $235,900 entry. Equity gained on principal adds $1,522/yr while 5% annual appreciation compounds into $65,175 by year five. Five-year ROI records 167.9% and total cumulative return in cash reaches $131,303. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,210/mo property income versus a $1,155/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Townhouse

Built in 2023

N/A lot

$N/A/sqft

No 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