117 N Elm StModocIN47358
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingReliable and efficiently structured, 117 N Elm St, Modoc, IN, 47358 in Modoc is a conservative rental investment at $184,900. Rental yield 6.07%. A 1.07 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $51,084; $1,550/yr in principal paydown supplements. Total projected return: $55,324.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.1% | 12.0% |
| Monthly Cash Flow | $(174) | $800 |
City averages based on Modoc 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 | $936 |
| Total Monthly Debt Service | $1,081 |
| DSCR Ratio | 0.87x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1880
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47358, Modoc, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 402 (100%) |
| Owner Occupied HU | 296 (73.6%) |
| Renter Occupied HU | 60 (14.9%) |
| Vacant Housing Units | 46 (11.4%) |
| Median Home Value | $203,125 |
| Average Home Value | $242,373 |
Housing Distribution
Address Breakdown
Residential
314
Single Family
314
Multi-Family
0
Businesses
18
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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
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Nearby investment properties with comparable prices
