10650 Morse PlSaint JohnIN46373
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 10650 Morse Pl, Saint John, IN, 46373 in Saint John. Priced at $404,990, it generates $3,584/mo in gross rent and $1,111/mo in net monthly cash flow, a 10.62% yield that comfortably supports the 1.97 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $13,336. Five-year appreciation: $111,891. Equity from principal paydown: $3,730/yr. Total projected cumulative return: $224,896.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 6.0% |
| Monthly Cash Flow | $1,111 | $300 |
City averages based on Saint John market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $3,584 |
| Total Monthly Debt Service | $2,312 |
| DSCR Ratio | 1.55x |
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 2025
8,999 sqft lot
$N/A/sqft
$508 annually 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 2025
8,999 sqft lot
$N/A/sqft
$508 annually HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kristin Hadley • DRH Realty of Indiana
Mls Name: NIRA
Mls Provider:
Mls ID: #833183
Disclaimer: Based on information submitted to the MLS GRID as of 2026-02-20 23:52:42 PST. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#185)