1120 S Adams StVersaillesIN47042
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe cash-flow margin at 1120 S Adams St, Versailles, IN, 47042 in Versailles is narrow, $96/mo net on $1,500/mo rent after the $1,052/mo debt service, but the property operates at break-even-plus, not a loss. At $233,900 with a 7.7% yield, the long-run equity case via 5% appreciation ($64,622 over five years) and $2,154/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.43 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $94,663.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.7% | 8.2% |
| Monthly Cash Flow | $96 | $250 |
City averages based on Versailles market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,500 |
| Total Monthly Debt Service | $1,311 |
| DSCR Ratio | 1.14x |
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 1973
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47042, Versailles, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,997 (100%) |
| Owner Occupied HU | 1,258 (63.0%) |
| Renter Occupied HU | 542 (27.1%) |
| Vacant Housing Units | 197 ( 9.9%) |
| Median Home Value | $192,586 |
| Average Home Value | $228,027 |
Housing Distribution
Address Breakdown
Residential
1,809
Single Family
1,661
Multi-Family
148
Businesses
173
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 1973
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47042, Versailles, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,997 (100%) |
| Owner Occupied HU | 1,258 (63.0%) |
| Renter Occupied HU | 542 (27.1%) |
| Vacant Housing Units | 197 ( 9.9%) |
| Median Home Value | $192,586 |
| Average Home Value | $228,027 |
Housing Distribution
Address Breakdown
Residential
1,809
Single Family
1,661
Multi-Family
148
Businesses
173
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Daniel Smith • F.C. Tucker Real Estate Experts
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22062318