219 E Perry StVersaillesIN47042
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 219 E Perry St, Versailles, IN, 47042 in Versailles: $1,126/mo in rent, $256/mo in net income, 9.32% gross yield, 1.73 DSCR, all at $145,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $40,061 in appreciation and $1,335/yr in principal paydown projects total cumulative return of $71,338.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 8.2% |
| Monthly Cash Flow | $256 | $250 |
City averages based on Versailles market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,126 |
| Total Monthly Debt Service | $813 |
| DSCR Ratio | 1.39x |
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 1931
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47042, Versailles, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,997 (100%) |
| Owner Occupied HU | 1,258 (63.0%) |
| Renter Occupied HU | 542 (27.1%) |
| Vacant Housing Units | 197 ( 9.9%) |
| Median Home Value | $192,586 |
| Average Home Value | $228,027 |
Housing Distribution
Address Breakdown
Residential
1,809
Single Family
1,661
Multi-Family
148
Businesses
173
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 1931
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47042, Versailles, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,997 (100%) |
| Owner Occupied HU | 1,258 (63.0%) |
| Renter Occupied HU | 542 (27.1%) |
| Vacant Housing Units | 197 ( 9.9%) |
| Median Home Value | $192,586 |
| Average Home Value | $228,027 |
Housing Distribution
Address Breakdown
Residential
1,809
Single Family
1,661
Multi-Family
148
Businesses
173
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Arlene Marion • F.C. Tucker Real Estate Experts
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22054201