164 W 1450 NSummitvilleIN46070
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 164 W 1450 N, Summitville, IN, 46070 in Summitville worth study. Rental yield 2.49%. The 2.49% gross yield is below cash-flow benchmarks at $459,900, but 5% annual appreciation, adding $127,062 over five years, frames this as a capital growth position. Rent of $954/mo partially offsets the $2,068/mo payment. Ziffy Mortgage finances appreciation-play properties (0.46 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $57,791.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 2.5% | 7.0% |
| Monthly Cash Flow | $(1,807) | $150 |
City averages based on Summitville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $954 |
| Total Monthly Debt Service | $2,578 |
| DSCR Ratio | 0.37x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1976
4.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46070, Summitville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 985 (100%) |
| Owner Occupied HU | 764 (77.6%) |
| Renter Occupied HU | 147 (14.9%) |
| Vacant Housing Units | 74 ( 7.5%) |
| Median Home Value | $195,982 |
| Average Home Value | $197,592 |
Housing Distribution
Address Breakdown
Residential
722
Single Family
722
Multi-Family
0
Businesses
24
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 1976
4.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46070, Summitville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 985 (100%) |
| Owner Occupied HU | 764 (77.6%) |
| Renter Occupied HU | 147 (14.9%) |
| Vacant Housing Units | 74 ( 7.5%) |
| Median Home Value | $195,982 |
| Average Home Value | $197,592 |
Housing Distribution
Address Breakdown
Residential
722
Single Family
722
Multi-Family
0
Businesses
24
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Frances Spooner • Frances Denise Spooner
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22060698