Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 New Harmony at 4778 Penfold Rd, New Harmony, IN, 47631 priced at $290,000 converts $3,148/mo rent into $1,408/mo cash flow after a $1,419/mo obligation. Total monthly income equals $3,148/mo, and annual cash flow totals $16,891/yr on $96,135 invested. Return on cash invested prints 37.48% in year one, and rental yield reads 13.03% against a $290,000 entry. Equity gained on principal adds $1,871/yr, while 5% annual appreciation compiles into $80,122 by year five. Five-year ROI reaches 196.82% and total cumulative return in cash sums $189,208. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $3,148/mo property income covering a $1,419/mo payment, not borrower’s personal income.
Single Family
Built in 1976
1.28 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 47631, New Harmony, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 999 (100%) |
| Owner Occupied HU | 708 (70.9%) |
| Renter Occupied HU | 140 (14.0%) |
| Vacant Housing Units | 151 (15.1%) |
| Median Home Value | $231,905 |
| Average Home Value | $285,459 |
Residential
546
Single Family
546
Multi-Family
0
Businesses
70
Date | Event | Price |
|---|---|---|
| 2025-01-14 | Sold | $290,000 |
| 2024-12-01 | Pending sale | $290,000 |
| 2024-11-10 | Listed for sale | $290,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-23 | $1818.28 | -1.76% | $299,000 | 32.01% |
| 2023-10-23 | $1850.84 | 12.77% | $226,500 | 8.53% |
| 2022-10-23 | $1641.22 | 2.66% | $208,700 | 13.61% |
Listed by: Drew Mathews • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202438721
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.
