161 S Jackson StAndrewsIN46702
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 161 S Jackson St, Andrews, IN, 46702 in Andrews at $184,900 earns $1,162/mo in rent and nets $52/mo after the $831/mo payment, a 7.54% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $51,084 over five years. Ziffy Mortgage underwrites this on a 1.40 DSCR without U.S. credit history. With $1,703/yr in principal paydown, total projected return reaches $73,388.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.5% | 7.0% |
| Monthly Cash Flow | $52 | $150 |
City averages based on Andrews market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,162 |
| Total Monthly Debt Service | $1,036 |
| DSCR Ratio | 1.12x |
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 1900
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46702, Andrews, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 956 (100%) |
| Owner Occupied HU | 708 (74.1%) |
| Renter Occupied HU | 139 (14.5%) |
| Vacant Housing Units | 109 (11.4%) |
| Median Home Value | $245,000 |
| Average Home Value | $276,691 |
Housing Distribution
Address Breakdown
Residential
788
Single Family
763
Multi-Family
25
Businesses
35
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 1900
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46702, Andrews, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 956 (100%) |
| Owner Occupied HU | 708 (74.1%) |
| Renter Occupied HU | 139 (14.5%) |
| Vacant Housing Units | 109 (11.4%) |
| Median Home Value | $245,000 |
| Average Home Value | $276,691 |
Housing Distribution
Address Breakdown
Residential
788
Single Family
763
Multi-Family
25
Businesses
35
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices