205 W Catholic StPiercetonIN46562
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 205 W Catholic St, Pierceton, IN, 46562 in Pierceton is listed at $132,500 and delivers $1,053/mo in rent and $258/mo in net monthly cash flow. The 9.54% yield and 1.77 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $36,607 over five years, and $1,220/yr in principal reduction supplements cash return. Total projected cumulative return: $66,742.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 6.0% |
| Monthly Cash Flow | $258 | $200 |
City averages based on Pierceton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,053 |
| Total Monthly Debt Service | $743 |
| DSCR Ratio | 1.42x |
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 1890
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46562, Pierceton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,003 (100%) |
| Owner Occupied HU | 1,411 (70.4%) |
| Renter Occupied HU | 315 (15.7%) |
| Vacant Housing Units | 277 (13.8%) |
| Median Home Value | $253,507 |
| Average Home Value | $290,512 |
Housing Distribution
Address Breakdown
Residential
1,844
Single Family
1,844
Multi-Family
0
Businesses
116
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 1890
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46562, Pierceton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,003 (100%) |
| Owner Occupied HU | 1,411 (70.4%) |
| Renter Occupied HU | 315 (15.7%) |
| Vacant Housing Units | 277 (13.8%) |
| Median Home Value | $253,507 |
| Average Home Value | $290,512 |
Housing Distribution
Address Breakdown
Residential
1,844
Single Family
1,844
Multi-Family
0
Businesses
116
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Orville M Haney • Homes Land & Lakes Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202432257
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.