76 Fernleaf Dr, New Whiteland, IN, 46184 | $923/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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76 Fernleaf Dr, New Whiteland, IN, 46184 | $923/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in New Whiteland at 76 Fernleaf Dr, New Whiteland, IN, 46184 offers $2,987/mo rent that, after a $1,683/mo payment, leaves $923/mo cash flow. Total monthly income is $2,987/mo, and annual cash flow is $11,074/yr on $114,003 cash. Return on cash invested measures 29.62% in year one, and rental yield stands at 10.42% at a $343,900 entry. Equity gained on principal adds $2,219/yr while 5% annual appreciation compounds into $95,013 by year five. Five-year ROI records 154.7% and total cumulative return in cash reaches $176,359. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,987/mo property income versus a $1,683/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 2021

0.29 Acres lot

$N/A/sqft

No HOA

More details about the property

Checkout this single-family residence in Johnson County that presents an attractive property in great condition. Imagine crafting culinary masterpieces in the large kitchen, where shaker cabinets meet stone countertops, centered around a substantial kitchen island that invites gatherings and simplifies meal preparation. The kitchen bar offers a casual spot for morning coffee or evening conversation, enhancing the room's welcoming atmosphere. The bathroom is a personal sanctuary, featuring a double vanity that provides ample space for morning routines, complemented by a walk-in shower, creating a spa-like experience within the comforts of residence. The ensuite bathroom connected to one of the bedrooms offers an enhanced level of convenience and privacy. The property boasts a fenced backyard, offering a secure and private outdoor space for relaxation and recreation, while the patio beckons for al fresco dining and enjoying the fresh air. A porch extends the living space outdoors, providing a welcoming spot to unwind and enjoy the surrounding residential area. The walk-in closet provides generous storage, contributing to an organized and clutter-free residence. The open floor plan encourages effortless movement and social interaction, creating a harmonious and inviting atmosphere. The laundry room adds convenience to daily chores. Close to highways and shopping amenities

Neighborhood Data

Neighborhood data shown for ZIP Code: 46184, Whiteland, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,190 (100%)
Owner Occupied HU	4,390 (84.6%)
Renter Occupied HU	740 (14.3%)
Vacant Housing Units	60 ( 1.2%)
Median Home Value	$261,290
Average Home Value	$282,753