10505 Spamount CvLeoIN46765
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderReliable and efficiently structured, 10505 Spamount Cv, Leo, IN, 46765 in Leo is a conservative rental investment at $564,800. Rental yield 7%. A 1.30 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $156,044; $5,202/yr in principal paydown supplements. Total projected return: $203,694.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7% | 7.0% |
| Monthly Cash Flow | $(160) | $1,500 |
City averages based on Leo market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,293 |
| Total Monthly Debt Service | $3,228 |
| DSCR Ratio | 1.02x |
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 2024
0.41 Acres lot
$N/A/sqft
$750 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46765, Leo, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,046 (100%) |
| Owner Occupied HU | 1,849 (90.4%) |
| Renter Occupied HU | 130 ( 6.4%) |
| Vacant Housing Units | 67 ( 3.3%) |
| Median Home Value | $405,269 |
| Average Home Value | $423,158 |
Housing Distribution
Address Breakdown
Residential
2,067
Single Family
2,067
Multi-Family
0
Businesses
163
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 2024
0.41 Acres lot
$N/A/sqft
$750 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46765, Leo, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,046 (100%) |
| Owner Occupied HU | 1,849 (90.4%) |
| Renter Occupied HU | 130 ( 6.4%) |
| Vacant Housing Units | 67 ( 3.3%) |
| Median Home Value | $405,269 |
| Average Home Value | $423,158 |
Housing Distribution
Address Breakdown
Residential
2,067
Single Family
2,067
Multi-Family
0
Businesses
163
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Richard J Fletcher • North Eastern Group Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511797
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.