21878 Addison DrBristolIN46507
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 21878 Addison Dr, Bristol, IN, 46507 in Bristol the bet is firmly on appreciation. Rental yield 3.12%. The 3.12% gross yield on a $638,920 price is below income-first thresholds, but 5%/yr value growth projects $176,522 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (0.58) 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: $101,949.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.1% | 7.0% |
| Monthly Cash Flow | $(2,172) | $300 |
City averages based on Bristol market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,663 |
| Total Monthly Debt Service | $3,581 |
| DSCR Ratio | 0.46x |
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 2025
1.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46507, Bristol, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,793 (100%) |
| Owner Occupied HU | 2,971 (78.3%) |
| Renter Occupied HU | 553 (14.6%) |
| Vacant Housing Units | 269 ( 7.1%) |
| Median Home Value | $278,329 |
| Average Home Value | $303,471 |
Housing Distribution
Address Breakdown
Residential
3,736
Single Family
3,540
Multi-Family
196
Businesses
275
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 2025
1.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46507, Bristol, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,793 (100%) |
| Owner Occupied HU | 2,971 (78.3%) |
| Renter Occupied HU | 553 (14.6%) |
| Vacant Housing Units | 269 ( 7.1%) |
| Median Home Value | $278,329 |
| Average Home Value | $303,471 |
Housing Distribution
Address Breakdown
Residential
3,736
Single Family
3,540
Multi-Family
196
Businesses
275
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dallas Barkman • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508216
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.