17625 Lochner RdSpencervilleIN46788
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play17625 Lochner Rd, Spencerville, IN, 46788 in Spencerville is priced for appreciation, not yield. Rental yield 5.83%. At $469,000 with a 5.83% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $129,576 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (1.08) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $143,039.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.8% | 7.0% |
| Monthly Cash Flow | $(535) | $300 |
City averages based on Spencerville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,280 |
| Total Monthly Debt Service | $2,629 |
| DSCR Ratio | 0.87x |
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 1987
10.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46788, Spencerville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,295 (100%) |
| Owner Occupied HU | 1,160 (89.6%) |
| Renter Occupied HU | 88 ( 6.8%) |
| Vacant Housing Units | 47 ( 3.6%) |
| Median Home Value | $357,944 |
| Average Home Value | $397,050 |
Housing Distribution
Address Breakdown
Residential
1,107
Single Family
1,107
Multi-Family
0
Businesses
32
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 1987
10.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46788, Spencerville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,295 (100%) |
| Owner Occupied HU | 1,160 (89.6%) |
| Renter Occupied HU | 88 ( 6.8%) |
| Vacant Housing Units | 47 ( 3.6%) |
| Median Home Value | $357,944 |
| Average Home Value | $397,050 |
Housing Distribution
Address Breakdown
Residential
1,107
Single Family
1,107
Multi-Family
0
Businesses
32
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Justin Longardner • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls ID: #202529619