1643 N Oak N Pine LnCenterpointIN47840
INVESTMENT ANALYSIS
Investment Verdict
Income-Producing1643 N Oak N Pine Ln, Centerpoint, IN, 47840 in Centerpoint is a stable, well-positioned rental at $365,000. Rental yield 6.66%. DSCR 1.23 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $100,843 in value and $3,362/yr in principal paydown builds equity, a total projected return of $127,524.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.7% | 8.0% |
| Monthly Cash Flow | $(165) | $250 |
City averages based on Centerpoint market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,026 |
| Total Monthly Debt Service | $2,046 |
| DSCR Ratio | 0.99x |
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.
Manufactured
Built in 1994
3.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47840, Centerpoint, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 662 (100%) |
| Owner Occupied HU | 504 (76.1%) |
| Renter Occupied HU | 92 (13.9%) |
| Vacant Housing Units | 66 ( 10.0%) |
| Median Home Value | $199,219 |
| Average Home Value | $255,640 |
Housing Distribution
Address Breakdown
Residential
592
Single Family
592
Multi-Family
0
Businesses
31
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
Manufactured
Built in 1994
3.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47840, Centerpoint, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 662 (100%) |
| Owner Occupied HU | 504 (76.1%) |
| Renter Occupied HU | 92 (13.9%) |
| Vacant Housing Units | 66 ( 10.0%) |
| Median Home Value | $199,219 |
| Average Home Value | $255,640 |
Housing Distribution
Address Breakdown
Residential
592
Single Family
592
Multi-Family
0
Businesses
31
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: THAAR
Mls ID: #108804