2007 45th St Unit 307HighlandIN46322
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 2007 45th St Unit 307, Highland, IN, 46322 in Highland at $164,900 earns $1,319/mo in rent and nets $85/mo after the $741/mo payment, a 9.6% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $45,559 over five years. Ziffy Mortgage underwrites this on a 1.78 DSCR without U.S. credit history. With $1,519/yr in principal paydown, total projected return reaches $83,645.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 7.0% |
| Monthly Cash Flow | $85 | $1,500 |
City averages based on Highland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,319 |
| Total Monthly Debt Service | $924 |
| DSCR Ratio | 1.43x |
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 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46322, Highland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,588 (100%) |
| Owner Occupied HU | 7,922 (74.8%) |
| Renter Occupied HU | 2,280 (21.5%) |
| Vacant Housing Units | 386 ( 3.6%) |
| Median Home Value | $243,747 |
| Average Home Value | $271,248 |
Housing Distribution
Address Breakdown
Residential
10,380
Single Family
8,500
Multi-Family
1,880
Businesses
918
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 1985
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46322, Highland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10,588 (100%) |
| Owner Occupied HU | 7,922 (74.8%) |
| Renter Occupied HU | 2,280 (21.5%) |
| Vacant Housing Units | 386 ( 3.6%) |
| Median Home Value | $243,747 |
| Average Home Value | $271,248 |
Housing Distribution
Address Breakdown
Residential
10,380
Single Family
8,500
Multi-Family
1,880
Businesses
918
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices