22129 Water StOldenburgIN47036
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Oldenburg rentals match the income profile of 22129 Water St, Oldenburg, IN, 47036. Listed at $231,000, gross rent is $2,958/mo and net cash flow is $1,571/mo, a 15.37% yield well above national averages. DSCR 2.85 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $63,821 by year five with $2,128/yr in annual principal reduction, projecting $188,510 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15.4% | 6.0% |
| Monthly Cash Flow | $1,571 | $1,500 |
City averages based on Oldenburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,958 |
| Total Monthly Debt Service | $1,295 |
| DSCR Ratio | 2.28x |
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 1860
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47036, Oldenburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 341 (100%) |
| Owner Occupied HU | 266 (78.0%) |
| Renter Occupied HU | 43 (12.6%) |
| Vacant Housing Units | 32 ( 9.4%) |
| Median Home Value | $368,000 |
| Average Home Value | $378,806 |
Housing Distribution
Address Breakdown
Residential
275
Single Family
275
Multi-Family
0
Businesses
34
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 1860
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47036, Oldenburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 341 (100%) |
| Owner Occupied HU | 266 (78.0%) |
| Renter Occupied HU | 43 (12.6%) |
| Vacant Housing Units | 32 ( 9.4%) |
| Median Home Value | $368,000 |
| Average Home Value | $378,806 |
Housing Distribution
Address Breakdown
Residential
275
Single Family
275
Multi-Family
0
Businesses
34
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices