137 S State Road 57Oakland CityIN47660
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeAt $195,200, 137 S State Road 57, Oakland City, IN, 47660 in Oakland City generates $1,373/mo in rent (8.44% yield) but nets only $44/mo after debt service. The spread is thin, manageable for investors comfortable with low-margin holds who are buying into the 5% annual appreciation thesis. Ziffy Mortgage's DSCR loan (1.56) allows non-U.S. residents to acquire without personal income checks. A larger down payment reduces the monthly debt load and widens the margin. Five-year appreciation: $53,930. Total projected return: $77,395.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 7.0% |
| Monthly Cash Flow | $44 | $1,500 |
City averages based on Oakland City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,373 |
| Total Monthly Debt Service | $1,251 |
| DSCR Ratio | 1.10x |
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.
Home Type Unknown
Built in 1950
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47660, Oakland City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,172 (100%) |
| Owner Occupied HU | 1,430 (65.8%) |
| Renter Occupied HU | 462 (21.3%) |
| Vacant Housing Units | 280 (12.9%) |
| Median Home Value | $165,767 |
| Average Home Value | $187,538 |
Housing Distribution
Address Breakdown
Residential
1,980
Single Family
1,980
Multi-Family
0
Businesses
136
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
Home Type Unknown
Built in 1950
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47660, Oakland City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,172 (100%) |
| Owner Occupied HU | 1,430 (65.8%) |
| Renter Occupied HU | 462 (21.3%) |
| Vacant Housing Units | 280 (12.9%) |
| Median Home Value | $165,767 |
| Average Home Value | $187,538 |
Housing Distribution
Address Breakdown
Residential
1,980
Single Family
1,980
Multi-Family
0
Businesses
136
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A