2417 Luigs RdWadesvilleIN47638
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe 8.21% yield at 2417 Luigs Rd, Wadesville, IN, 47638 in Wadesville is solid, but the $1,033/mo payment compresses net cash flow to $192/mo at $229,625. 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 $63,441 by year five, and $2,115/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.52) without U.S. income documentation. Total projected return: $99,283.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 7.0% |
| Monthly Cash Flow | $192 | $300 |
City averages based on Wadesville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,571 |
| Total Monthly Debt Service | $1,287 |
| DSCR Ratio | 1.22x |
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 1978
1.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47638, Wadesville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,383 (100%) |
| Owner Occupied HU | 1,170 (84.6%) |
| Renter Occupied HU | 146 (10.6%) |
| Vacant Housing Units | 67 ( 4.8%) |
| Median Home Value | $319,667 |
| Average Home Value | $344,064 |
Housing Distribution
Address Breakdown
Residential
1,383
Single Family
1,383
Multi-Family
0
Businesses
49
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 1978
1.89 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47638, Wadesville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,383 (100%) |
| Owner Occupied HU | 1,170 (84.6%) |
| Renter Occupied HU | 146 (10.6%) |
| Vacant Housing Units | 67 ( 4.8%) |
| Median Home Value | $319,667 |
| Average Home Value | $344,064 |
Housing Distribution
Address Breakdown
Residential
1,383
Single Family
1,383
Multi-Family
0
Businesses
49
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stephanie Crawford • Key Associates Signature Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202433710
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.