3846 S Redbird TrlNew PalestineIN46163
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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 Palestine at 3846 S Redbird Trl, New Palestine, IN, 46163 listed at $368,900 pairs $2,336/mo rent with a $1,806/mo payment to leave $121/mo cash flow. Total monthly income runs $2,336/mo, and annual cash flow reaches $1,454/yr on $122,290 cash to close. Return on cash invested measures 21.1% in year one, and rental yield registers 7.6% at a $368,900 basis. Equity gained on principal adds $2,380/yr, and annual property appreciation at 5% supports $101,920 by year five. Five-year ROI tracks 109.01% and total cumulative return in cash totals $133,304. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,336/mo property income relative to a $1,806/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1998
0.46 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
5,690
Single Family
5,689
Multi-Family
1
Businesses
283
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Listed by: Jeanine Levine • Home Bound Real Estate LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22077920