1209 W Walnut StBrownstownIN47220
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 1209 W Walnut St, Brownstown, IN, 47220 in Brownstown: $1,232/mo in rent, $332/mo in net income, 9.86% gross yield, 1.83 DSCR, all at $149,999. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $41,442 in appreciation and $1,382/yr in principal paydown projects total cumulative return of $78,140.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.9% | 8.0% |
| Monthly Cash Flow | $332 | $300 |
City averages based on Brownstown market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,232 |
| Total Monthly Debt Service | $841 |
| DSCR Ratio | 1.47x |
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.
Manufactured
Built in 1988
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47220, Brownstown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,330 (100%) |
| Owner Occupied HU | 1,642 (70.5%) |
| Renter Occupied HU | 520 (22.3%) |
| Vacant Housing Units | 168 ( 7.2%) |
| Median Home Value | $207,143 |
| Average Home Value | $257,322 |
Housing Distribution
Address Breakdown
Residential
2,285
Single Family
2,261
Multi-Family
24
Businesses
210
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
Manufactured
Built in 1988
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47220, Brownstown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,330 (100%) |
| Owner Occupied HU | 1,642 (70.5%) |
| Renter Occupied HU | 520 (22.3%) |
| Vacant Housing Units | 168 ( 7.2%) |
| Median Home Value | $207,143 |
| Average Home Value | $257,322 |
Housing Distribution
Address Breakdown
Residential
2,285
Single Family
2,261
Multi-Family
24
Businesses
210
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Natasha Rowlett • Williams Carpenter Realtors
Mls Name: IRMLS
Mls ID: #202602058