10840 E Main StOwensburgIN47453
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 0% gross rental yield, 10840 E Main St, Owensburg, IN, 47453 in Owensburg is priced for capital growth, not immediate cash flow. The $340,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $93,936 by year five, with $3,131/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.00) qualifies for non-U.S. residents without personal income documents.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 6.5% |
| Monthly Cash Flow | $0 | $300 |
City averages based on Owensburg market data in our database. Property projections are estimates.
Manufactured
Built in 1997
9.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47453, Owensburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 205 (100%) |
| Owner Occupied HU | 144 (70.2%) |
| Renter Occupied HU | 27 (13.2%) |
| Vacant Housing Units | 34 (16.6%) |
| Median Home Value | $230,952 |
| Average Home Value | $252,344 |
Housing Distribution
Address Breakdown
Residential
182
Single Family
182
Multi-Family
0
Businesses
7
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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
Manufactured
Built in 1997
9.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47453, Owensburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 205 (100%) |
| Owner Occupied HU | 144 (70.2%) |
| Renter Occupied HU | 27 (13.2%) |
| Vacant Housing Units | 34 (16.6%) |
| Median Home Value | $230,952 |
| Average Home Value | $252,344 |
Housing Distribution
Address Breakdown
Residential
182
Single Family
182
Multi-Family
0
Businesses
7
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Chris Berg • eXp Realty LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512484
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