2131 W 1150 NPerrysvilleIN47974
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 2131 W 1150 N, Perrysville, IN, 47974 in Perrysville the bet is firmly on appreciation. Rental yield 5.66%. The 5.66% gross yield on a $419,000 price is below income-first thresholds, but 5%/yr value growth projects $115,762 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (1.05) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $123,873.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.7% | 6.0% |
| Monthly Cash Flow | $(539) | $300 |
City averages based on Perrysville market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,976 |
| Total Monthly Debt Service | $2,348 |
| DSCR Ratio | 0.84x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2001
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47974, Perrysville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 501 (100%) |
| Owner Occupied HU | 351 (70.1%) |
| Renter Occupied HU | 103 (20.6%) |
| Vacant Housing Units | 47 ( 9.4%) |
| Median Home Value | $129,605 |
| Average Home Value | $155,185 |
Housing Distribution
Address Breakdown
Residential
327
Single Family
303
Multi-Family
24
Businesses
18
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 2001
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47974, Perrysville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 501 (100%) |
| Owner Occupied HU | 351 (70.1%) |
| Renter Occupied HU | 103 (20.6%) |
| Vacant Housing Units | 47 ( 9.4%) |
| Median Home Value | $129,605 |
| Average Home Value | $155,185 |
Housing Distribution
Address Breakdown
Residential
327
Single Family
303
Multi-Family
24
Businesses
18
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22099091