508 Filbert St, New Carlisle, IN, 46552 | $373/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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508 Filbert St, New Carlisle, IN, 46552 | $373/mo Cash Flow | 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

Rental property for sale in New Carlisle at 508 Filbert St, New Carlisle, IN, 46552 priced at $280,000 converts $2,085/mo rent into $373/mo cash flow after a $1,370/mo obligation. Total monthly income equals $2,085/mo, and annual cash flow totals $4,478/yr on $92,820 invested. Return on cash invested prints 24.73% in year one, and rental yield reads 8.94% against a $280,000 entry. Equity gained on principal adds $1,807/yr, while 5% annual appreciation compiles into $77,359 by year five. Five-year ROI reaches 128.67% and total cumulative return in cash sums $119,433. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,085/mo property income covering a $1,370/mo payment, not borrower’s personal income.

Condo

Built in 2022

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

Move into style and comfort with this beautifully designed 2 bedroom, 2 bath duplex, featuring an open concept floor plan perfect for entertaining or relaxing. Soaring cathedral ceilings enhance the spacious living area, while main floor laundry adds everyday convenience. Kitchen includes breakfast bar. Primary ensuite with spacious closet. Enjoy the full basement with an egress window, already plumbed for a 3rd bathroom and framed for future expansion. Covered patio overlooking the backyard area, a perfect spot for morning coffee with the sunrise or evening unwinding. Top it all off with an attached 2 car garage. Whether your looking for your forever home or a smart investment this duplex offers functionality & potential. Don't miss your chance schedule a private tour today

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