10865 W Balbec RdPennvilleIN47369
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow10865 W Balbec Rd, Pennville, IN, 47369 in Pennville earns its strong cash-flow label: 17.34% yield, $2,101/mo rent, $1,228/mo net income, DSCR 3.21. The $145,400 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $40,171 by year five. Combined with $1,339/yr in principal paydown, total projected return reaches $134,050.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 17.3% | 6.0% |
| Monthly Cash Flow | $1,228 | $800 |
City averages based on Pennville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,101 |
| Total Monthly Debt Service | $815 |
| DSCR Ratio | 2.58x |
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 1984
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47369, Pennville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 557 (100%) |
| Owner Occupied HU | 393 (70.6%) |
| Renter Occupied HU | 92 (16.5%) |
| Vacant Housing Units | 72 (12.9%) |
| Median Home Value | $215,698 |
| Average Home Value | $336,546 |
Housing Distribution
Address Breakdown
Residential
330
Single Family
330
Multi-Family
0
Businesses
34
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 1984
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47369, Pennville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 557 (100%) |
| Owner Occupied HU | 393 (70.6%) |
| Renter Occupied HU | 92 (16.5%) |
| Vacant Housing Units | 72 (12.9%) |
| Median Home Value | $215,698 |
| Average Home Value | $336,546 |
Housing Distribution
Address Breakdown
Residential
330
Single Family
330
Multi-Family
0
Businesses
34
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices