2373 E Classic DrHaubstadtIN47639
INVESTMENT ANALYSIS
Investment Verdict
Solid Income2373 E Classic Dr, Haubstadt, IN, 47639 in Haubstadt is a solid income-producing rental, 8.44% gross yield, $2,005/mo rent, $294/mo net cash flow on a $285,000 buy. DSCR 1.56 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $78,740 and $2,625/yr in principal reduction project a total cumulative return of $126,791.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.4% | 7.2% |
| Monthly Cash Flow | $294 | $300 |
City averages based on Haubstadt market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,005 |
| Total Monthly Debt Service | $1,597 |
| DSCR Ratio | 1.26x |
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.
Manufactured
Built in 2016
0.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47639, Haubstadt, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,911 (100%) |
| Owner Occupied HU | 1,580 (82.7%) |
| Renter Occupied HU | 242 (12.7%) |
| Vacant Housing Units | 89 ( 4.7%) |
| Median Home Value | $306,977 |
| Average Home Value | $319,881 |
Housing Distribution
Address Breakdown
Residential
1,804
Single Family
1,802
Multi-Family
2
Businesses
115
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
Manufactured
Built in 2016
0.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47639, Haubstadt, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,911 (100%) |
| Owner Occupied HU | 1,580 (82.7%) |
| Renter Occupied HU | 242 (12.7%) |
| Vacant Housing Units | 89 ( 4.7%) |
| Median Home Value | $306,977 |
| Average Home Value | $319,881 |
Housing Distribution
Address Breakdown
Residential
1,804
Single Family
1,802
Multi-Family
2
Businesses
115
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: John P Czoer • FIRST CLASS REALTY
Mls Name: IRMLS
Mls Provider:
Mls ID: #202430476
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.