3704 S Cedar Cove Ct #6, New Palestine, IN, 46163 | 6.97% Rental Yield

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3704 S Cedar Cove Ct #6, New Palestine, IN, 46163 | 6.97% Rental Yield | Ziffy

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

Investment property for sale in New Palestine at 3704 S Cedar Cove Ct #6, New Palestine, IN, 46163 offers a 6.97% rental yield on a $310,000 purchase with $1,800/mo rent. 2% in year one. Equity gained on principal adds $2,000/yr while 5% annual appreciation supports $85,647 over five years. Portfolio math shows five-year ROI at 98.83% and total cumulative return in cash at $101,563. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,800/mo property income against a $1,517/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Condo

Built in 1998

N/A lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming all-brick double tucked into a quiet, well-established neighborhood-a place where morning walks feel peaceful and evenings on the porch become part of your daily routine. Inside, you'll find three comfortable bedrooms and a spacious great room that invites family gatherings, movie nights, or relaxed weekends at home. The great room flows seamlessly into the inviting three seasons porch, creating a bright, flexible space where you can enjoy your morning coffee, set up a cozy reading nook, or entertain friends year-round. Beautiful new hardwoods, tile, and carpet run throughout the home, giving every room a fresh, updated feel. Many of the major appliances have also been recently replaced, and the furnace, a/c, and water heater are all less than 5 years old offering peace of mind and making move-in day that much easier. This property blends low-maintenance living with comfort and charm-ideal for anyone looking for a quiet retreat without sacrificing convenience. Let this home be the backdrop to your next chapter.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46163, New Palestine, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,670 (100%)
Owner Occupied HU	4,772 (84.2%)
Renter Occupied HU	714 (12.6%)
Vacant Housing Units	184 ( 3.2%)
Median Home Value	$330,678
Average Home Value	$356,738