The Newhaven Plan, Cattail EstatesElwoodIN46036
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Elwood at The Newhaven Plan, Cattail Estates, Elwood, IN, 46036 uses $106,047 cash to close to unlock $5,921/yr annual cash flow and $493/mo monthly cash flow. Total monthly income runs $2,414/mo, and a $1,566/mo payment keeps the spread at $493/mo. Purchase price stands at $319,900, and rental yield measures 9.06% with $2,414/mo rent. Return on cash invested shows 25.49% in year one, and 5% annual appreciation builds toward $88,382 over five years. Five-year ROI reaches 132.55% and total cumulative return in cash records $140,564. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $2,414/mo property income covering a $1,566/mo payment rather than investor’s personal income.
Single Family
Built in 2025
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46036, Elwood, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,548 (100%) |
| Owner Occupied HU | 3,484 (62.8%) |
| Renter Occupied HU | 1,409 (25.4%) |
| Vacant Housing Units | 655 (11.8%) |
| Median Home Value | $163,312 |
| Average Home Value | $204,644 |
Housing Distribution
Address Breakdown
Residential
5,172
Single Family
4,951
Multi-Family
221
Businesses
314
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
