108 N Lafayette StWorthingtonIN47471
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 108 N Lafayette St, Worthington, IN, 47471 in Worthington deserves attention. This $197,000 property earns $1,758/mo in rent, a 10.71% gross yield, and nets $575/mo after the $886/mo payment. DSCR 1.98 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $54,427 compounds alongside $1,814/yr in yearly equity build, for a total cumulative return of $111,574.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.7% | 8.0% |
| Monthly Cash Flow | $575 | $300 |
City averages based on Worthington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,758 |
| Total Monthly Debt Service | $1,104 |
| DSCR Ratio | 1.59x |
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 1910
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47471, Worthington, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,188 (100%) |
| Owner Occupied HU | 826 (69.5%) |
| Renter Occupied HU | 226 (19.0%) |
| Vacant Housing Units | 136 (11.4%) |
| Median Home Value | $122,464 |
| Average Home Value | $181,262 |
Housing Distribution
Address Breakdown
Residential
1,187
Single Family
1,162
Multi-Family
25
Businesses
84
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 1910
0.43 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47471, Worthington, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,188 (100%) |
| Owner Occupied HU | 826 (69.5%) |
| Renter Occupied HU | 226 (19.0%) |
| Vacant Housing Units | 136 (11.4%) |
| Median Home Value | $122,464 |
| Average Home Value | $181,262 |
Housing Distribution
Address Breakdown
Residential
1,187
Single Family
1,162
Multi-Family
25
Businesses
84
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joshua Vida • Paradigm Realty Solutions
Mls Name: IRMLS
Mls ID: #202529398