68615 County Road 23New ParisIN46553
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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
Investment property for sale in New Paris at 68615 County Road 23, New Paris, IN, 46553 uses $74,588 cash to close to unlock $5,335/yr annual cash flow and $445/mo monthly cash flow. Total monthly income runs $1,795/mo, and a $1,101/mo payment keeps the spread at $445/mo. Purchase price stands at $225,000, and rental yield measures 9.57% with $1,795/mo rent. Return on cash invested shows 27.06% in year one, and 5% annual appreciation builds toward $62,163 over five years. Five-year ROI reaches 140.98% and total cumulative return in cash records $105,153. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,795/mo property income covering a $1,101/mo payment rather than investor’s personal income.
Single Family
Built in 1946
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46553, New Paris, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,394 (100%) |
| Owner Occupied HU | 1,155 (82.9%) |
| Renter Occupied HU | 171 (12.3%) |
| Vacant Housing Units | 68 ( 4.9%) |
| Median Home Value | $254,924 |
| Average Home Value | $363,335 |
Housing Distribution
Address Breakdown
Residential
1,133
Single Family
1,133
Multi-Family
0
Businesses
129
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Listed by: Nicolas Wyse • RE/MAX Results-Goshen
Mls Name: IRMLS
Mls Provider:
Mls ID: #202525024
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.