1310 N Cherry StRushvilleIN46173
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeReliable, bankable, and well-priced, 1310 N Cherry St, Rushville, IN, 46173 in Rushville delivers $1,118/mo in gross rent and $215/mo in net monthly income at a $150,500 entry. The 8.92% yield and 1.65 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $41,580 over five years and $1,386/yr in equity from loan paydown, total projected return is $70,792.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 6.5% |
| Monthly Cash Flow | $215 | $350 |
City averages based on Rushville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,118 |
| Total Monthly Debt Service | $844 |
| DSCR Ratio | 1.33x |
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 1929
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46173, Rushville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,722 (100%) |
| Owner Occupied HU | 2,930 (62.0%) |
| Renter Occupied HU | 1,336 (28.3%) |
| Vacant Housing Units | 456 ( 9.7%) |
| Median Home Value | $171,163 |
| Average Home Value | $232,025 |
Housing Distribution
Address Breakdown
Residential
4,494
Single Family
4,390
Multi-Family
104
Businesses
440
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 1929
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46173, Rushville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,722 (100%) |
| Owner Occupied HU | 2,930 (62.0%) |
| Renter Occupied HU | 1,336 (28.3%) |
| Vacant Housing Units | 456 ( 9.7%) |
| Median Home Value | $171,163 |
| Average Home Value | $232,025 |
Housing Distribution
Address Breakdown
Residential
4,494
Single Family
4,390
Multi-Family
104
Businesses
440
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jennie Harvey • RE/MAX Integrity Real Estate
Mls Name: RLMS
Mls Provider:
Mls ID: #10051117
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.