7199 W Stone PassNew PalestineIN46163
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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 Palestine at 7199 W Stone Pass, New Palestine, IN, 46163 uses $184,898 cash to close to unlock $2,617/yr annual cash flow and $218/mo monthly cash flow. Total monthly income runs $3,592/mo, and a $2,751/mo payment keeps the spread at $218/mo. Purchase price stands at $562,000, and rental yield measures 7.67% with $3,592/mo rent. Return on cash invested shows 21.48% in year one, and 5% annual appreciation builds toward $155,270 over five years. Five-year ROI reaches 110.99% and total cumulative return in cash records $205,221. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $3,592/mo property income covering a $2,751/mo payment rather than investor’s personal income.
Single Family
Built in N/A
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46163, New Palestine, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,670 (100%) |
| Owner Occupied HU | 4,772 (84.2%) |
| Renter Occupied HU | 714 (12.6%) |
| Vacant Housing Units | 184 ( 3.2%) |
| Median Home Value | $330,678 |
| Average Home Value | $356,738 |
Housing Distribution
Address Breakdown
Residential
5,690
Single Family
5,689
Multi-Family
1
Businesses
283
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Listed by: N/A • N/A
Mls Name: Zillow Rentals
Mls ID: #N/A