624 W Front StNew CarlisleIN46552
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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
Rental property for sale in New Carlisle at 624 W Front St, New Carlisle, IN, 46552 priced at $209,000 converts $1,482/mo rent into $227/mo cash flow after a $1,023/mo obligation. Total monthly income equals $1,482/mo, and annual cash flow totals $2,728/yr on $69,284 invested. Return on cash invested prints 23.85% in year one, and rental yield reads 8.51% against a $209,000 entry. Equity gained on principal adds $1,349/yr, while 5% annual appreciation compiles into $57,743 by year five. Five-year ROI reaches 123.77% and total cumulative return in cash sums $85,754. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,482/mo property income covering a $1,023/mo payment, not borrower’s personal income.
Single Family
Built in 1953
7,596 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: Bryon Eigenmann • LaPorte County Realty, Inc.
Mls Name: NIRA
Mls ID: #832264