22134 Water StOldenburgIN47036
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe 7.44% yield at 22134 Water St, Oldenburg, IN, 47036 in Oldenburg is solid, but the $809/mo payment compresses net cash flow to $35/mo at $179,900. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $49,703 by year five, and $1,657/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.38) without U.S. income documentation. Total projected return: $70,330.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 6.0% |
| Monthly Cash Flow | $35 | $1,500 |
City averages based on Oldenburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,115 |
| Total Monthly Debt Service | $1,008 |
| DSCR Ratio | 1.11x |
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 1845
5,662 sqft 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 1845
5,662 sqft 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