204 S State StOaktownIN47561
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow204 S State St, Oaktown, IN, 47561 in Oaktown is a top-tier cash-flow asset. At $128,600 it produces $1,296/mo in rent and $524/mo in net monthly income, a 12.09% gross rental yield. The DSCR of 2.24 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $6,288. Five-year appreciation adds $35,530, driving a total cumulative return of $82,417.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.1% | 7.0% |
| Monthly Cash Flow | $524 | $1,200 |
City averages based on Oaktown market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,296 |
| Total Monthly Debt Service | $721 |
| DSCR Ratio | 1.80x |
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 1950
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47561, Oaktown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 680 (100%) |
| Owner Occupied HU | 430 (63.2%) |
| Renter Occupied HU | 103 (15.1%) |
| Vacant Housing Units | 147 (21.6%) |
| Median Home Value | $178,693 |
| Average Home Value | $187,640 |
Housing Distribution
Address Breakdown
Residential
451
Single Family
451
Multi-Family
0
Businesses
37
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 1950
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47561, Oaktown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 680 (100%) |
| Owner Occupied HU | 430 (63.2%) |
| Renter Occupied HU | 103 (15.1%) |
| Vacant Housing Units | 147 (21.6%) |
| Median Home Value | $178,693 |
| Average Home Value | $187,640 |
Housing Distribution
Address Breakdown
Residential
451
Single Family
451
Multi-Family
0
Businesses
37
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kristi Ritz • KNOX COUNTY REALTY, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202520933
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.