69517 Woodridge CtNew 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
Rental property for sale in New Paris at 69517 Woodridge Ct, New Paris, IN, 46553 generates $3,456/mo in rent and, after a $2,638/mo payment, leaves $221/mo in cash flow. Total monthly income is $3,456/mo, and annual cash flow is $2,647/yr on $177,331 invested. Return on cash invested sits at 21.55% in year one, and rental yield is 7.69% on a $539,000 entry. Equity gained on principal adds $3,478/yr, while 5% annual appreciation builds toward $148,916 over five years. Five-year ROI reaches 111.39% and total cumulative return in cash sums $197,520. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $3,456/mo property income rather than buyer’s personal income.
Single Family
Built in 2016
1.59 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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