209 E Franklin StDelphiIN46923
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 209 E Franklin St, Delphi, IN, 46923 in Delphi hard to pass up. The 14.04% gross yield on a $175,000 purchase results in $2,047/mo in rent and $997/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.60). Annual cash flow of $11,960, five-year appreciation of $48,349, and $1,612/yr in equity build-up combine for a projected total cumulative return of $130,401.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14% | 6.0% |
| Monthly Cash Flow | $997 | $250 |
City averages based on Delphi market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,047 |
| Total Monthly Debt Service | $981 |
| DSCR Ratio | 2.09x |
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 1952
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46923, Delphi, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,476 (100%) |
| Owner Occupied HU | 2,521 (72.5%) |
| Renter Occupied HU | 683 (19.6%) |
| Vacant Housing Units | 272 ( 7.8%) |
| Median Home Value | $171,232 |
| Average Home Value | $207,676 |
Housing Distribution
Address Breakdown
Residential
3,286
Single Family
3,248
Multi-Family
38
Businesses
307
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 1952
4,791 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46923, Delphi, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,476 (100%) |
| Owner Occupied HU | 2,521 (72.5%) |
| Renter Occupied HU | 683 (19.6%) |
| Vacant Housing Units | 272 ( 7.8%) |
| Median Home Value | $171,232 |
| Average Home Value | $207,676 |
Housing Distribution
Address Breakdown
Residential
3,286
Single Family
3,248
Multi-Family
38
Businesses
307
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dawn Dilley • F.C. Tucker/Shook
Mls Name: IRMLS
Mls Provider:
Mls ID: #202438672
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.