1514 Dewey St, Jasper, IN, 47546 | 6.63% Rental Yield

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1514 Dewey St, Jasper, IN, 47546 | 6.63% Rental Yield | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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1010 Main St, Jasper, IN, 47546

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

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Investment Highlights

Rental property for sale in Jasper at 1514 Dewey St, Jasper, IN, 47546 generates $1,270/mo in rent, after a $1,125/mo payment. Total monthly income is $1,270/mo. Return on cash invested sits at 18.18% in year one, and rental yield is 6.63% on a $229,900 entry. Equity gained on principal adds $1,484/yr, while 5% annual appreciation builds toward $63,517 over five years. Five-year ROI reaches 93.35% and total cumulative return in cash sums $71,147. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,270/mo property income rather than buyer’s personal income.

Single Family

Built in 1948

0.26 Acres lot

$N/A/sqft

No HOA

More details about the property

Situated on .26 acre lot in Jasper is this well maintained approximately 1578 sq. ft. home. Features include 4 bedrooms, 2 full bathrooms, a full finished basement and an oversized detached 3 car garage. This attaractive home offers a welcoming front porch which leads to the spacious living room offering wood floors. The eat-in kitchen features wood floors, a tiled back splash and includes all of the appliances. The main floor bathroom offers a tub shower combo and pretty tiled floors and walls that coordinate. There are 2 additional bedrooms that complete level one. Level two includes 2 large bedrooms and several closets and storage areas as well as french doors that access the raised deck. The basement level features a family room with a gas log fireplace, a rec area, an office, a laundry/kitchen area, a full bathroom, and a storage room. Luxery vinyl plank is installed throughout the basement level. The 3 car plus detached garage is 28 X 44 and is devided into 2 sections with 3 overhead doors with access from the front driveway and also a rear alley. Additional updates include a 7 year old roof, 6 year old water heater, and 9 year old AC unit

Neighborhood Data

Neighborhood data shown for ZIP Code: 47546, Jasper, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	10,013 (100%)
Owner Occupied HU	6,765 (67.6%)
Renter Occupied HU	2,608 (26.0%)
Vacant Housing Units	640 ( 6.4%)
Median Home Value	$270,554
Average Home Value	$316,388