15601 N County Road 450 EEatonIN47338
INVESTMENT ANALYSIS
Investment Verdict
Solid Income15601 N County Road 450 E, Eaton, IN, 47338 in Eaton is a solid income-producing rental, 8.74% gross yield, $2,287/mo rent, $402/mo net cash flow on a $314,000 buy. DSCR 1.62 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $86,752 and $2,892/yr in principal reduction project a total cumulative return of $144,677.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 6.2% |
| Monthly Cash Flow | $402 | $300 |
City averages based on Eaton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,287 |
| Total Monthly Debt Service | $1,760 |
| DSCR Ratio | 1.30x |
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 1972
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47338, Eaton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,199 (100%) |
| Owner Occupied HU | 864 (72.1%) |
| Renter Occupied HU | 179 (14.9%) |
| Vacant Housing Units | 156 (13.0%) |
| Median Home Value | $153,500 |
| Average Home Value | $187,891 |
Housing Distribution
Address Breakdown
Residential
904
Single Family
904
Multi-Family
0
Businesses
49
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 1972
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47338, Eaton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,199 (100%) |
| Owner Occupied HU | 864 (72.1%) |
| Renter Occupied HU | 179 (14.9%) |
| Vacant Housing Units | 156 (13.0%) |
| Median Home Value | $153,500 |
| Average Home Value | $187,891 |
Housing Distribution
Address Breakdown
Residential
904
Single Family
904
Multi-Family
0
Businesses
49
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices