125 E Sherman StRedkeyIN47373
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 125 E Sherman St, Redkey, IN, 47373 in Redkey at $113,500 earns $821/mo in rent and nets $139/mo after the $510/mo payment, a 8.68% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $31,358 over five years. Ziffy Mortgage underwrites this on a 1.61 DSCR without U.S. credit history. With $1,045/yr in principal paydown, total projected return reaches $51,994.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 6.2% |
| Monthly Cash Flow | $139 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $821 |
| Total Monthly Debt Service | $636 |
| DSCR Ratio | 1.29x |
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.
Multi Family
Built in 1886
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47373, Redkey, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 973 (100%) |
| Owner Occupied HU | 665 (68.3%) |
| Renter Occupied HU | 186 (19.1%) |
| Vacant Housing Units | 122 (12.5%) |
| Median Home Value | $162,750 |
| Average Home Value | $215,075 |
Housing Distribution
Address Breakdown
Residential
603
Single Family
603
Multi-Family
0
Businesses
42
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
Multi Family
Built in 1886
4,356 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47373, Redkey, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 973 (100%) |
| Owner Occupied HU | 665 (68.3%) |
| Renter Occupied HU | 186 (19.1%) |
| Vacant Housing Units | 122 (12.5%) |
| Median Home Value | $162,750 |
| Average Home Value | $215,075 |
Housing Distribution
Address Breakdown
Residential
603
Single Family
603
Multi-Family
0
Businesses
42
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mark Leavell • Jack Houck Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202436230
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.