13369 N State Hwy #245LamarIN47550
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 0% gross rental yield, 13369 N State Hwy #245, Lamar, IN, 47550 in Lamar is priced for capital growth, not immediate cash flow. The $205,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $56,638 by year five, with $1,888/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.00) qualifies for non-U.S. residents without personal income documents.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 8.0% |
| Monthly Cash Flow | $0 | $150 |
City averages based on Lamar market data in our database. Property projections are estimates.
Manufactured
Built in 2010
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47550, Lamar, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 303 (100%) |
| Owner Occupied HU | 258 (85.1%) |
| Renter Occupied HU | 26 ( 8.6%) |
| Vacant Housing Units | 19 ( 6.3%) |
| Median Home Value | $229,730 |
| Average Home Value | $317,364 |
Housing Distribution
Address Breakdown
Residential
294
Single Family
294
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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
Manufactured
Built in 2010
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47550, Lamar, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 303 (100%) |
| Owner Occupied HU | 258 (85.1%) |
| Renter Occupied HU | 26 ( 8.6%) |
| Vacant Housing Units | 19 ( 6.3%) |
| Median Home Value | $229,730 |
| Average Home Value | $317,364 |
Housing Distribution
Address Breakdown
Residential
294
Single Family
294
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: William R Daily • Midwest Land & Lifestyle LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202433994
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.