








A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |


Rental property for sale in Santa Claus at 370 N New Years Eve, Santa Claus, IN, 47579 priced at $349,900 converts $2,640/mo rent into $539/mo cash flow after a $1,713/mo obligation. Total monthly income equals $2,640/mo, and annual cash flow totals $6,470/yr on $115,992 invested. Return on cash invested prints 25.49% in year one, and rental yield reads 9.05% against a $349,900 entry. Equity gained on principal adds $2,258/yr, while 5% annual appreciation compiles into $96,671 by year five. Five-year ROI reaches 132.53% and total cumulative return in cash sums $153,726. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,640/mo property income covering a $1,713/mo payment, not borrower’s personal income.
Single Family
Built in 2025
0.38 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47579, Santa Claus, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,237 (100%) |
| Owner Occupied HU | 1,022 (82.6%) |
| Renter Occupied HU | 105 ( 8.5%) |
| Vacant Housing Units | 110 ( 8.9%) |
| Median Home Value | $257,373 |
| Average Home Value | $291,761 |
Residential
1,048
Single Family
1,048
Multi-Family
0
Businesses
86
Date | Event | Price |
|---|---|---|
| 2025-03-16 | Listed for sale | $349,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| No tax history data available | ||||



Listed by: Kara Hinshaw • Key Associates Signature Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508460
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.