103 N Grand AveAshleyIN46705
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 103 N Grand Ave, Ashley, IN, 46705 in Ashley is listed at $184,900 and delivers $1,479/mo in rent and $369/mo in net monthly cash flow. The 9.6% yield and 1.78 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $51,084 over five years, and $1,703/yr in principal reduction supplements cash return. Total projected cumulative return: $93,788.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 7.0% |
| Monthly Cash Flow | $369 | $300 |
City averages based on Ashley market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,479 |
| Total Monthly Debt Service | $1,036 |
| DSCR Ratio | 1.43x |
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 1900
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46705, Ashley, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 736 (100%) |
| Owner Occupied HU | 493 (67.0%) |
| Renter Occupied HU | 162 (22.0%) |
| Vacant Housing Units | 81 (11.0%) |
| Median Home Value | $182,083 |
| Average Home Value | $237,825 |
Housing Distribution
Address Breakdown
Residential
403
Single Family
361
Multi-Family
42
Businesses
69
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 1900
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46705, Ashley, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 736 (100%) |
| Owner Occupied HU | 493 (67.0%) |
| Renter Occupied HU | 162 (22.0%) |
| Vacant Housing Units | 81 (11.0%) |
| Median Home Value | $182,083 |
| Average Home Value | $237,825 |
Housing Distribution
Address Breakdown
Residential
403
Single Family
361
Multi-Family
42
Businesses
69
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices