18386 Gyr CtNew ParisIN46553
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 18386 Gyr Ct, New Paris, IN, 46553 in New Paris. At $294,500 it earns $2,220/mo in rent and distributes $438/mo to the owner after the $1,324/mo payment, a consistent 9.05% yield. DSCR 1.68 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $81,365 in value; $2,712/yr in principal paydown compounds ownership stake. Total projected return: $140,566.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 5.0% |
| Monthly Cash Flow | $438 | $400 |
City averages based on New Paris market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,220 |
| Total Monthly Debt Service | $1,651 |
| DSCR Ratio | 1.34x |
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 2010
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46553, New Paris, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,394 (100%) |
| Owner Occupied HU | 1,155 (82.9%) |
| Renter Occupied HU | 171 (12.3%) |
| Vacant Housing Units | 68 ( 4.9%) |
| Median Home Value | $254,924 |
| Average Home Value | $363,335 |
Housing Distribution
Address Breakdown
Residential
1,133
Single Family
1,133
Multi-Family
0
Businesses
129
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 2010
0.28 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46553, New Paris, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,394 (100%) |
| Owner Occupied HU | 1,155 (82.9%) |
| Renter Occupied HU | 171 (12.3%) |
| Vacant Housing Units | 68 ( 4.9%) |
| Median Home Value | $254,924 |
| Average Home Value | $363,335 |
Housing Distribution
Address Breakdown
Residential
1,133
Single Family
1,133
Multi-Family
0
Businesses
129
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices