11267 E Main StSpringvilleIN47453
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayThe investment thesis at 11267 E Main St, Springville, IN, 47453 in Springville is capital appreciation. Rental yield 2.75%. The 2.75% gross yield at $400,000 falls below cash-flow thresholds, but 5% annual value growth is forecast to deliver $110,513 in additional equity by year five, an equity gain that can outpace many higher-yield markets. Ziffy Mortgage finances appreciation-play assets via DSCR (0.51) without U.S. credit history; structure with a larger down payment to optimise coverage. Total projected return: $55,894.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.8% | 6.0% |
| Monthly Cash Flow | $(1,483) | $1,200 |
City averages based on Springville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $918 |
| Total Monthly Debt Service | $2,242 |
| DSCR Ratio | 0.41x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1953
25 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
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 1953
25 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
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: IRMLS
Mls ID: #202610766