10463 Morse Place StSaint JohnIN46373
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 10463 Morse Place St, Saint John, IN, 46373 in Saint John. At $449,900 it earns $3,660/mo in rent and distributes $959/mo to the owner after the $2,023/mo payment, a consistent 9.76% yield. DSCR 1.81 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $124,299 in value; $4,144/yr in principal paydown compounds ownership stake. Total projected return: $231,999.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 6.0% |
| Monthly Cash Flow | $959 | $300 |
City averages based on Saint John market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,660 |
| Total Monthly Debt Service | $2,522 |
| DSCR Ratio | 1.45x |
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 2022
8,489 sqft lot
$N/A/sqft
No HOA
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 2022
8,489 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nickolas Witvoet • Listing Leaders Northwest
Mls Name: NIRA
Mls ID: #827097