1260 E County Line Road NEPalmyraIN47164
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 1260 E County Line Road NE, Palmyra, IN, 47164 in Palmyra: $1,197/mo in rent, $282/mo in net income, 9.42% gross yield, 1.74 DSCR, all at $152,500. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $42,133 in appreciation and $1,405/yr in principal paydown projects total cumulative return of $75,805.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 7.0% |
| Monthly Cash Flow | $282 | $300 |
City averages based on Palmyra market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,197 |
| Total Monthly Debt Service | $855 |
| DSCR Ratio | 1.40x |
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 1983
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47164, Palmyra, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,602 (100%) |
| Owner Occupied HU | 1,200 (74.9%) |
| Renter Occupied HU | 292 (18.2%) |
| Vacant Housing Units | 110 ( 6.9%) |
| Median Home Value | $230,747 |
| Average Home Value | $244,842 |
Housing Distribution
Address Breakdown
Residential
1,490
Single Family
1,490
Multi-Family
0
Businesses
69
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 1983
1.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47164, Palmyra, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,602 (100%) |
| Owner Occupied HU | 1,200 (74.9%) |
| Renter Occupied HU | 292 (18.2%) |
| Vacant Housing Units | 110 ( 6.9%) |
| Median Home Value | $230,747 |
| Average Home Value | $244,842 |
Housing Distribution
Address Breakdown
Residential
1,490
Single Family
1,490
Multi-Family
0
Businesses
69
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices