Cortland Plan, Fields at Sugar CreekNew 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 Cortland Plan, Fields at Sugar Creek, New Palestine, IN, 46163 offers a 8.32% rental yield on a $434,000 purchase with $3,008/mo rent. Total monthly income registers $3,008/mo, and a $2,124/mo payment leaves $403/mo available for distribution. Annual cash flow reaches $4,836/yr on $143,871 to close, and return on cash invested stands at 23.27% in year one. Equity gained on principal adds $2,801/yr while 5% annual appreciation supports $119,906 over five years. Portfolio math shows five-year ROI at 120.61% and total cumulative return in cash at $173,518. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $3,008/mo property income against a $2,124/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2025
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 • D.R. Horton
Mls Name: DR Horton
Mls Provider:
Mls ID: #N/A