18661 East StTippecanoeIN46570
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeReliable, bankable, and well-priced, 18661 East St, Tippecanoe, IN, 46570 in Tippecanoe delivers $1,091/mo in gross rent and $286/mo in net monthly income at a $134,000 entry. The 9.77% yield and 1.81 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $37,022 over five years and $1,234/yr in equity from loan paydown, total projected return is $69,154.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 9.0% |
| Monthly Cash Flow | $286 | $800 |
City averages based on Tippecanoe market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,091 |
| Total Monthly Debt Service | $751 |
| DSCR Ratio | 1.45x |
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.
Manufactured
Built in 1983
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46570, Tippecanoe, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 425 (100%) |
| Owner Occupied HU | 334 (78.6%) |
| Renter Occupied HU | 56 (13.2%) |
| Vacant Housing Units | 35 ( 8.2%) |
| Median Home Value | $244,318 |
| Average Home Value | $233,353 |
Housing Distribution
Address Breakdown
Residential
428
Single Family
428
Multi-Family
0
Businesses
13
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 1983
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46570, Tippecanoe, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 425 (100%) |
| Owner Occupied HU | 334 (78.6%) |
| Renter Occupied HU | 56 (13.2%) |
| Vacant Housing Units | 35 ( 8.2%) |
| Median Home Value | $244,318 |
| Average Home Value | $233,353 |
Housing Distribution
Address Breakdown
Residential
428
Single Family
428
Multi-Family
0
Businesses
13
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: IRMLS
Mls ID: #202612349