116 N Pond StFreelandvilleIN47535
INVESTMENT ANALYSIS
Investment Verdict
Solid Income116 N Pond St, Freelandville, IN, 47535 in Freelandville is a solid income-producing rental, 9.13% gross yield, $1,065/mo rent, $225/mo net cash flow on a $140,000 buy. DSCR 1.69 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $38,679 and $1,289/yr in principal reduction project a total cumulative return of $67,404.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 6.0% |
| Monthly Cash Flow | $225 | $1,200 |
City averages based on Freelandville market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,065 |
| Total Monthly Debt Service | $785 |
| DSCR Ratio | 1.36x |
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 1870
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47535, Freelandville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 156 (100%) |
| Owner Occupied HU | 107 (68.6%) |
| Renter Occupied HU | 29 (18.6%) |
| Vacant Housing Units | 20 (12.8%) |
| Median Home Value | $142,361 |
| Average Home Value | $218,084 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
16
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 1870
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47535, Freelandville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 156 (100%) |
| Owner Occupied HU | 107 (68.6%) |
| Renter Occupied HU | 29 (18.6%) |
| Vacant Housing Units | 20 (12.8%) |
| Median Home Value | $142,361 |
| Average Home Value | $218,084 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A