508 Filbert StNew CarlisleIN46552
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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
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
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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Listed by: Rita Beaty • Coldwell Banker 1st Choice
Mls Name: MichRIC
Mls Provider:
Mls ID: #25018185
Disclaimer: Information is deemed reliable but not guaranteed. Copyright 2025 MichRIC, LLC. All rights reserved.