704 S Bray 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
Investment property for sale in New Carlisle at 704 S Bray St, New Carlisle, IN, 46552 offers a 9.91% rental yield on a $447,000 purchase with $3,692/mo rent. Total monthly income registers $3,692/mo, and a $2,188/mo payment leaves $879/mo available for distribution. Annual cash flow reaches $10,547/yr on $148,181 to close, and return on cash invested stands at 27.03% in year one. Equity gained on principal adds $2,884/yr while 5% annual appreciation supports $123,498 over five years. Portfolio math shows five-year ROI at 141.14% and total cumulative return in cash at $209,136. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,692/mo property income against a $2,188/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2001
1.15 Acres 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: Rocky Verteramo • Keller Williams Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512666
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.