1888 Sierra Ln #9CLawrenceburgIN47060
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 1888 Sierra Ln #9C, Lawrenceburg, IN, 47060 in Lawrenceburg at $359,900 earns $2,279/mo in rent and nets $106/mo after the $1,618/mo payment, a 7.56% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $99,434 over five years. Ziffy Mortgage underwrites this on a 1.41 DSCR without U.S. credit history. With $3,315/yr in principal paydown, total projected return reaches $143,874.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.6% | 7.0% |
| Monthly Cash Flow | $106 | $1,500 |
City averages based on Lawrenceburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,279 |
| Total Monthly Debt Service | $2,017 |
| DSCR Ratio | 1.13x |
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.
Condo
Built in 2017
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47060, West Harrison, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,947 (100%) |
| Owner Occupied HU | 2,442 (82.9%) |
| Renter Occupied HU | 375 (12.7%) |
| Vacant Housing Units | 130 ( 4.4%) |
| Median Home Value | $316,798 |
| Average Home Value | $332,482 |
Housing Distribution
Address Breakdown
Residential
2,955
Single Family
2,897
Multi-Family
58
Businesses
113
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
Condo
Built in 2017
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47060, West Harrison, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,947 (100%) |
| Owner Occupied HU | 2,442 (82.9%) |
| Renter Occupied HU | 375 (12.7%) |
| Vacant Housing Units | 130 ( 4.4%) |
| Median Home Value | $316,798 |
| Average Home Value | $332,482 |
Housing Distribution
Address Breakdown
Residential
2,955
Single Family
2,897
Multi-Family
58
Businesses
113
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: F. Patrick Martini • Huff Realty Indiana
Mls Name: SEIBR
Mls ID: #204378
Disclaimer: Copyright Southeastern Indiana Board of Realtors. All rights reserved. Information is deemed reliable but not guaranteed.