1016 Claire LnMiddleburyIN46540
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 1016 Claire Ln, Middlebury, IN, 46540 in Middlebury speaks for itself: 10.1% gross on a $285,000 price, generating $2,399/mo in rent and $688/mo in net income after the $1,282/mo debt service. DSCR 1.87, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $8,256 stacks alongside $78,740 in projected five-year appreciation and $2,625/yr in principal reduction. Projected total cumulative return: $152,147.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 7.0% |
| Monthly Cash Flow | $688 | $300 |
City averages based on Middlebury market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,399 |
| Total Monthly Debt Service | $1,597 |
| DSCR Ratio | 1.50x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1994
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46540, Middlebury, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,333 (100%) |
| Owner Occupied HU | 3,498 (80.7%) |
| Renter Occupied HU | 659 (15.2%) |
| Vacant Housing Units | 176 ( 4.1%) |
| Median Home Value | $339,066 |
| Average Home Value | $378,665 |
Housing Distribution
Address Breakdown
Residential
4,197
Single Family
4,157
Multi-Family
40
Businesses
437
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
Single Family
Built in 1994
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46540, Middlebury, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,333 (100%) |
| Owner Occupied HU | 3,498 (80.7%) |
| Renter Occupied HU | 659 (15.2%) |
| Vacant Housing Units | 176 ( 4.1%) |
| Median Home Value | $339,066 |
| Average Home Value | $378,665 |
Housing Distribution
Address Breakdown
Residential
4,197
Single Family
4,157
Multi-Family
40
Businesses
437
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Karen Parsons • Berkshire Hathaway HomeServices Elkhart
Mls Name: IRMLS
Mls ID: #202603909