7625 Black RdNew HavenIN46774
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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 Haven at 7625 Black Rd, New Haven, IN, 46774 generates $2,924/mo in rent, after a $2,955/mo payment. Total monthly income is $2,924/mo. Return on cash invested sits at 15.83% in year one, and rental yield is 5.81% on a $603,750 entry. Equity gained on principal adds $3,896/yr, while 5% annual appreciation builds toward $166,805 over five years. Five-year ROI reaches 80.68% and total cumulative return in cash sums $160,261. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,924/mo property income rather than buyer’s personal income.
Single Family
Built in 1995
2.72 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46774, New Haven, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 7,456 (100%) |
| Owner Occupied HU | 5,717 (76.7%) |
| Renter Occupied HU | 1,485 (19.9%) |
| Vacant Housing Units | 254 ( 3.4%) |
| Median Home Value | $214,229 |
| Average Home Value | $251,615 |
Housing Distribution
Address Breakdown
Residential
7,319
Single Family
7,319
Multi-Family
0
Businesses
419
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