414 W Michigan StNew CarlisleIN46552
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Carlisle at 414 W Michigan St, New Carlisle, IN, 46552 at $252,500 posts ROI 20.34% with $30/mo cash flow from $1,546/mo rent. Total monthly income equals $1,546/mo, and annual cash flow records $362/yr on $83,704 to close. Return on cash invested measures 20.34% and rental yield reads 7.35% at the current $252,500. Equity gained on principal adds $1,629/yr, and 5% annual appreciation supports $69,761 by year five. Five-year ROI prints 104.96% and total cumulative return in cash totals $87,855.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,546/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46552, New Carlisle, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,992 (100%) |
| Owner Occupied HU | 2,115 (70.7%) |
| Renter Occupied HU | 521 (17.4%) |
| Vacant Housing Units | 356 (11.9%) |
| Median Home Value | $262,293 |
| Average Home Value | $301,338 |
Housing Distribution
Address Breakdown
Residential
2,187
Single Family
2,085
Multi-Family
102
Businesses
155
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Nearby investment properties with comparable prices
Listed by: Stacey Matthys • Brokerworks Group
Mls Name: IRMLS
Mls ID: #202528715