1024 N Missouri StRemingtonIN47977
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 1024 N Missouri St, Remington, IN, 47977 in Remington hard to pass up. The 13.63% gross yield on a $243,000 purchase results in $2,760/mo in rent and $1,301/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.53). Annual cash flow of $15,616, five-year appreciation of $67,136, and $2,238/yr in equity build-up combine for a projected total cumulative return of $175,687.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.6% | 6.2% |
| Monthly Cash Flow | $1,301 | $300 |
City averages based on Remington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,760 |
| Total Monthly Debt Service | $1,362 |
| DSCR Ratio | 2.03x |
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 1948
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47977, Remington, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 990 (100%) |
| Owner Occupied HU | 658 (66.5%) |
| Renter Occupied HU | 268 (27.1%) |
| Vacant Housing Units | 64 ( 6.5%) |
| Median Home Value | $182,143 |
| Average Home Value | $205,935 |
Housing Distribution
Address Breakdown
Residential
802
Single Family
802
Multi-Family
0
Businesses
97
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 1948
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47977, Remington, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 990 (100%) |
| Owner Occupied HU | 658 (66.5%) |
| Renter Occupied HU | 268 (27.1%) |
| Vacant Housing Units | 64 ( 6.5%) |
| Median Home Value | $182,143 |
| Average Home Value | $205,935 |
Housing Distribution
Address Breakdown
Residential
802
Single Family
802
Multi-Family
0
Businesses
97
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices