138 Larrimer StCraneIN47522
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 138 Larrimer St, Crane, IN, 47522 in Crane hard to pass up. The 13.81% gross yield on a $113,450 purchase results in $1,306/mo in rent and $625/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.56). Annual cash flow of $7,495, five-year appreciation of $31,344, and $1,045/yr in equity build-up combine for a projected total cumulative return of $83,202.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 13.8% | 6.2% |
| Monthly Cash Flow | $625 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,306 |
| Total Monthly Debt Service | $636 |
| DSCR Ratio | 2.05x |
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 1942
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47522, Crane, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 141 (100%) |
| Owner Occupied HU | 100 (70.9%) |
| Renter Occupied HU | 20 (14.2%) |
| Vacant Housing Units | 21 (14.9%) |
| Median Home Value | $233,333 |
| Average Home Value | $296,400 |
Housing Distribution
Address Breakdown
Residential
25
Single Family
25
Multi-Family
0
Businesses
28
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 1942
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47522, Crane, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 141 (100%) |
| Owner Occupied HU | 100 (70.9%) |
| Renter Occupied HU | 20 (14.2%) |
| Vacant Housing Units | 21 (14.9%) |
| Median Home Value | $233,333 |
| Average Home Value | $296,400 |
Housing Distribution
Address Breakdown
Residential
25
Single Family
25
Multi-Family
0
Businesses
28
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mark Bush • Harrah Realty Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202437285
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.