131 E Cooper Ct #1EllettsvilleIN47429
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 131 E Cooper Ct #1, Ellettsville, IN, 47429 in Ellettsville speaks for itself: 13.13% gross on a $164,500 price, generating $1,800/mo in rent and $813/mo in net income after the $740/mo debt service. DSCR 2.43, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $9,750 stacks alongside $45,448 in projected five-year appreciation and $1,515/yr in principal reduction. Projected total cumulative return: $114,534.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.1% | 7.4% |
| Monthly Cash Flow | $813 | $250 |
City averages based on Ellettsville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,800 |
| Total Monthly Debt Service | $922 |
| DSCR Ratio | 1.95x |
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 1977
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47429, Ellettsville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,306 (100%) |
| Owner Occupied HU | 2,560 (77.4%) |
| Renter Occupied HU | 615 (18.6%) |
| Vacant Housing Units | 131 ( 4.0%) |
| Median Home Value | $281,209 |
| Average Home Value | $306,251 |
Housing Distribution
Address Breakdown
Residential
3,359
Single Family
3,286
Multi-Family
73
Businesses
162
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 1977
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47429, Ellettsville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,306 (100%) |
| Owner Occupied HU | 2,560 (77.4%) |
| Renter Occupied HU | 615 (18.6%) |
| Vacant Housing Units | 131 ( 4.0%) |
| Median Home Value | $281,209 |
| Average Home Value | $306,251 |
Housing Distribution
Address Breakdown
Residential
3,359
Single Family
3,286
Multi-Family
73
Businesses
162
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chris D Smith • RE/MAX Acclaimed Properties
Mls Name: IRMLS
Mls ID: #202543856