2151 Hopewell RdFountain CityIN47341
INVESTMENT ANALYSIS
Investment Verdict
Solid Income2151 Hopewell Rd, Fountain City, IN, 47341 in Fountain City is a solid income-producing rental, 9.97% gross yield, $2,326/mo rent, $645/mo net cash flow on a $279,900 buy. DSCR 1.85 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $77,331 and $2,578/yr in principal reduction project a total cumulative return of $147,448.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10% | 7.0% |
| Monthly Cash Flow | $645 | $1,500 |
City averages based on Fountain City market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,326 |
| Total Monthly Debt Service | $1,569 |
| DSCR Ratio | 1.48x |
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 1997
2.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47341, Fountain City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 842 (100%) |
| Owner Occupied HU | 629 (74.7%) |
| Renter Occupied HU | 141 (16.7%) |
| Vacant Housing Units | 72 ( 8.6%) |
| Median Home Value | $223,311 |
| Average Home Value | $258,442 |
Housing Distribution
Address Breakdown
Residential
663
Single Family
650
Multi-Family
13
Businesses
33
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 1997
2.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47341, Fountain City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 842 (100%) |
| Owner Occupied HU | 629 (74.7%) |
| Renter Occupied HU | 141 (16.7%) |
| Vacant Housing Units | 72 ( 8.6%) |
| Median Home Value | $223,311 |
| Average Home Value | $258,442 |
Housing Distribution
Address Breakdown
Residential
663
Single Family
650
Multi-Family
13
Businesses
33
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mary Mayberry • Coldwell Banker Lingle
Mls Name: RLMS
Mls Provider:
Mls ID: #10050593
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.