1215 Locust StTerre HauteIN47807
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 1215 Locust St, Terre Haute, IN, 47807 in Terre Haute: $1,105/mo in rent, $205/mo in net income, 8.85% gross yield, 1.64 DSCR, all at $149,900. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $41,415 in appreciation and $1,381/yr in principal paydown projects total cumulative return of $69,935.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 7.5% |
| Monthly Cash Flow | $205 | $450 |
City averages based on Terre Haute market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,105 |
| Total Monthly Debt Service | $840 |
| DSCR Ratio | 1.32x |
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 1916
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47807, Terre Haute, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,184 (100%) |
| Owner Occupied HU | 1,392 (22.5%) |
| Renter Occupied HU | 3,487 (56.4%) |
| Vacant Housing Units | 1,305 (21.1%) |
| Median Home Value | $70,547 |
| Average Home Value | $104,542 |
Housing Distribution
Address Breakdown
Residential
5,957
Single Family
5,024
Multi-Family
933
Businesses
788
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 1916
3,920 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47807, Terre Haute, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,184 (100%) |
| Owner Occupied HU | 1,392 (22.5%) |
| Renter Occupied HU | 3,487 (56.4%) |
| Vacant Housing Units | 1,305 (21.1%) |
| Median Home Value | $70,547 |
| Average Home Value | $104,542 |
Housing Distribution
Address Breakdown
Residential
5,957
Single Family
5,024
Multi-Family
933
Businesses
788
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: THAAR
Mls ID: #108646