Canal Square Villager Plan, Canal Square TownhomesNew 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 Canal Square Villager Plan, Canal Square Townhomes, New Haven, IN, 46774 priced at $249,700 converts $2,274/mo rent into $621/mo cash flow after a $1,222/mo obligation. Total monthly income equals $2,274/mo, and annual cash flow totals $7,455/yr on $82,776 invested. Return on cash invested prints 28.92% in year one, and rental yield reads 10.93% against a $249,700 entry. Equity gained on principal adds $1,611/yr, while 5% annual appreciation compiles into $68,988 by year five. Five-year ROI reaches 151.74% and total cumulative return in cash sums $125,604. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,274/mo property income covering a $1,222/mo payment, not borrower’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
$154 monthly 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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