620 Granary StNew HarmonyIN47631
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
Rental property for sale in New Harmony at 620 Granary St, New Harmony, IN, 47631 priced at $314,000 converts $1,463/mo rent into after a $1,537/mo obligation. Total monthly income equals $1,463/mo. Return on cash invested prints 15.04% in year one, and rental yield reads 5.59% against a $314,000 entry. Equity gained on principal adds $2,026/yr, while 5% annual appreciation compiles into $86,752 by year five. Five-year ROI reaches 76.49% and total cumulative return in cash sums $79,623. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,463/mo property income covering a $1,537/mo payment, not borrower’s personal income.
Single Family
Built in 1840
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47631, New Harmony, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
546
Single Family
546
Multi-Family
0
Businesses
70
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian Ellis • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls ID: #202601969