209 E Plum StLindenIN47955
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 209 E Plum St, Linden, IN, 47955 in Linden. At $138,500 it earns $1,196/mo in rent and distributes $365/mo to the owner after the $623/mo payment, a consistent 10.37% yield. DSCR 1.92 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $38,265 in value; $1,276/yr in principal paydown compounds ownership stake. Total projected return: $75,876.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 7.0% |
| Monthly Cash Flow | $365 | $300 |
City averages based on Linden market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,196 |
| Total Monthly Debt Service | $776 |
| DSCR Ratio | 1.54x |
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 1930
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47955, Linden, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 428 (100%) |
| Owner Occupied HU | 322 (75.2%) |
| Renter Occupied HU | 80 (18.7%) |
| Vacant Housing Units | 26 ( 6.1%) |
| Median Home Value | $194,853 |
| Average Home Value | $237,601 |
Housing Distribution
Address Breakdown
Residential
318
Single Family
318
Multi-Family
0
Businesses
29
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 1930
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47955, Linden, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 428 (100%) |
| Owner Occupied HU | 322 (75.2%) |
| Renter Occupied HU | 80 (18.7%) |
| Vacant Housing Units | 26 ( 6.1%) |
| Median Home Value | $194,853 |
| Average Home Value | $237,601 |
Housing Distribution
Address Breakdown
Residential
318
Single Family
318
Multi-Family
0
Businesses
29
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alex C Risse • Risse Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202522265
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.