1915 North AveTerre HauteIN47804
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 1915 North Ave, Terre Haute, IN, 47804 in Terre Haute, $159,900, 8.11% gross yield, $120/mo net income. Consider it a market-entry position, the $1,080/mo rent covers the $719/mo payment with a margin, and 5%/yr appreciation is projected to add $44,177 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.50) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $68,239.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.1% | 7.5% |
| Monthly Cash Flow | $120 | $450 |
City averages based on Terre Haute market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,080 |
| Total Monthly Debt Service | $896 |
| DSCR Ratio | 1.21x |
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 1910
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47804, Terre Haute, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,791 (100%) |
| Owner Occupied HU | 2,447 (51.1%) |
| Renter Occupied HU | 1,735 (36.2%) |
| Vacant Housing Units | 609 (12.7%) |
| Median Home Value | $98,003 |
| Average Home Value | $144,449 |
Housing Distribution
Address Breakdown
Residential
4,612
Single Family
4,271
Multi-Family
341
Businesses
354
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 1910
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47804, Terre Haute, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,791 (100%) |
| Owner Occupied HU | 2,447 (51.1%) |
| Renter Occupied HU | 1,735 (36.2%) |
| Vacant Housing Units | 609 (12.7%) |
| Median Home Value | $98,003 |
| Average Home Value | $144,449 |
Housing Distribution
Address Breakdown
Residential
4,612
Single Family
4,271
Multi-Family
341
Businesses
354
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kendra Cohen-Cook • NextHome Real Estate Connections
Mls Name: NextHome
Mls Provider:
Mls ID: #106829