1407 Barron LaneMarengoIN47140
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 0% gross rental yield, 1407 Barron Lane, Marengo, IN, 47140 in Marengo is priced for capital growth, not immediate cash flow. The $425,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $117,420 by year five, with $3,914/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% | 6.5% |
| Monthly Cash Flow | $0 | $150 |
City averages based on Marengo market data in our database. Property projections are estimates.
Single Family
Built in 2026
2.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47140, Marengo, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,184 (100%) |
| Owner Occupied HU | 788 (66.6%) |
| Renter Occupied HU | 263 (22.2%) |
| Vacant Housing Units | 133 (11.2%) |
| Median Home Value | $151,606 |
| Average Home Value | $163,011 |
Housing Distribution
Address Breakdown
Residential
1,180
Single Family
1,179
Multi-Family
1
Businesses
72
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
Single Family
Built in 2026
2.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47140, Marengo, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,184 (100%) |
| Owner Occupied HU | 788 (66.6%) |
| Renter Occupied HU | 263 (22.2%) |
| Vacant Housing Units | 133 (11.2%) |
| Median Home Value | $151,606 |
| Average Home Value | $163,011 |
Housing Distribution
Address Breakdown
Residential
1,180
Single Family
1,179
Multi-Family
1
Businesses
72
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices