911 Steammill StNew HarmonyIN47631
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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 Harmony at 911 Steammill St, New Harmony, IN, 47631 uses $46,377 cash to close to unlock $4,307/yr annual cash flow and $359/mo monthly cash flow. Total monthly income runs $1,199/mo, and a $685/mo payment keeps the spread at $359/mo. Purchase price stands at $139,900, and rental yield measures 10.28% with $1,199/mo rent. Return on cash invested shows 29.2% in year one, and 5% annual appreciation builds toward $38,652 over five years. Five-year ROI reaches 152.38% and total cumulative return in cash records $70,671. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,199/mo property income covering a $685/mo payment rather than investor’s personal income.
Single Family
Built in 1955
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47631, New Harmony, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 999 (100%) |
| Owner Occupied HU | 708 (70.9%) |
| Renter Occupied HU | 140 (14.0%) |
| Vacant Housing Units | 151 (15.1%) |
| Median Home Value | $231,905 |
| Average Home Value | $285,459 |
Housing Distribution
Address Breakdown
Residential
546
Single Family
546
Multi-Family
0
Businesses
70
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Listed by: Jonathan Weaver • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202521199
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.