435 Southlane DrNew WhitelandIN46184
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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 Whiteland at 435 Southlane Dr, New Whiteland, IN, 46184 offers a 9.56% rental yield on a $194,900 purchase with $1,553/mo rent. Total monthly income registers $1,553/mo, and a $954/mo payment leaves $383/mo available for distribution. Annual cash flow reaches $4,596/yr on $64,609 to close, and return on cash invested stands at 27.02% in year one. Equity gained on principal adds $1,258/yr while 5% annual appreciation supports $53,847 over five years. Portfolio math shows five-year ROI at 140.73% and total cumulative return in cash at $90,927. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,553/mo property income against a $954/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1969
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46184, Whiteland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,190 (100%) |
| Owner Occupied HU | 4,390 (84.6%) |
| Renter Occupied HU | 740 (14.3%) |
| Vacant Housing Units | 60 ( 1.2%) |
| Median Home Value | $261,290 |
| Average Home Value | $282,753 |
Housing Distribution
Address Breakdown
Residential
5,129
Single Family
5,129
Multi-Family
0
Businesses
293
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Listed by: Randy Placencia • Red Bridge Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22064276