119 W Main StCentervilleIN47330
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe 7.3% yield at 119 W Main St, Centerville, IN, 47330 in Centerville is solid, but the $1,281/mo payment compresses net cash flow to $23/mo at $284,900. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $78,713 by year five, and $2,624/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.35) without U.S. income documentation. Total projected return: $109,310.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.3% | 6.0% |
| Monthly Cash Flow | $23 | $250 |
City averages based on Centerville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,733 |
| Total Monthly Debt Service | $1,597 |
| DSCR Ratio | 1.09x |
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 1850
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47330, Centerville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,348 (100%) |
| Owner Occupied HU | 1,704 (72.6%) |
| Renter Occupied HU | 443 (18.9%) |
| Vacant Housing Units | 201 ( 8.6%) |
| Median Home Value | $202,537 |
| Average Home Value | $240,484 |
Housing Distribution
Address Breakdown
Residential
2,334
Single Family
2,334
Multi-Family
0
Businesses
143
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 1850
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47330, Centerville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,348 (100%) |
| Owner Occupied HU | 1,704 (72.6%) |
| Renter Occupied HU | 443 (18.9%) |
| Vacant Housing Units | 201 ( 8.6%) |
| Median Home Value | $202,537 |
| Average Home Value | $240,484 |
Housing Distribution
Address Breakdown
Residential
2,334
Single Family
2,334
Multi-Family
0
Businesses
143
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: RLMS
Mls ID: #10053004