109 E Grant StLa FontaineIN46940
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 109 E Grant St, La Fontaine, IN, 46940 in La Fontaine hard to pass up. The 11.6% gross yield on a $267,900 purchase results in $2,591/mo in rent and $983/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.15). Annual cash flow of $11,792, five-year appreciation of $74,016, and $2,467/yr in equity build-up combine for a projected total cumulative return of $164,651.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 8.0% |
| Monthly Cash Flow | $983 | $1,500 |
City averages based on La Fontaine market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,591 |
| Total Monthly Debt Service | $1,502 |
| DSCR Ratio | 1.73x |
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 1992
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46940, La Fontaine, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,145 (100%) |
| Owner Occupied HU | 847 (74.0%) |
| Renter Occupied HU | 172 (15.0%) |
| Vacant Housing Units | 126 (11.0%) |
| Median Home Value | $202,446 |
| Average Home Value | $244,976 |
Housing Distribution
Address Breakdown
Residential
934
Single Family
926
Multi-Family
8
Businesses
29
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 1992
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46940, La Fontaine, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,145 (100%) |
| Owner Occupied HU | 847 (74.0%) |
| Renter Occupied HU | 172 (15.0%) |
| Vacant Housing Units | 126 (11.0%) |
| Median Home Value | $202,446 |
| Average Home Value | $244,976 |
Housing Distribution
Address Breakdown
Residential
934
Single Family
926
Multi-Family
8
Businesses
29
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joe Schroder • RE/MAX Realty One
Mls Name: IRMLS
Mls ID: #202517324