11651 S Us Highway 35SelmaIN47383
INVESTMENT ANALYSIS
Investment Verdict
Income-Producing11651 S Us Highway 35, Selma, IN, 47383 in Selma is a stable, well-positioned rental at $309,000. Rental yield 6.84%. DSCR 1.27 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $85,371 in value and $2,846/yr in principal paydown builds equity, a total projected return of $110,996.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.8% | 10.0% |
| Monthly Cash Flow | $(93) | $400 |
City averages based on Selma market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,762 |
| Total Monthly Debt Service | $1,732 |
| DSCR Ratio | 1.02x |
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 1975
5.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47383, Selma, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,127 (100%) |
| Owner Occupied HU | 911 (80.8%) |
| Renter Occupied HU | 143 (12.7%) |
| Vacant Housing Units | 73 ( 6.5%) |
| Median Home Value | $218,720 |
| Average Home Value | $239,391 |
Housing Distribution
Address Breakdown
Residential
1,014
Single Family
1,014
Multi-Family
0
Businesses
40
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 1975
5.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47383, Selma, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,127 (100%) |
| Owner Occupied HU | 911 (80.8%) |
| Renter Occupied HU | 143 (12.7%) |
| Vacant Housing Units | 73 ( 6.5%) |
| Median Home Value | $218,720 |
| Average Home Value | $239,391 |
Housing Distribution
Address Breakdown
Residential
1,014
Single Family
1,014
Multi-Family
0
Businesses
40
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lisa Buckner • RE/MAX Real Estate Groups
Mls Name: IRMLS
Mls Provider:
Mls ID: #202437132
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.