2542 Barbara CtWadesvilleIN47638
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 2542 Barbara Ct, Wadesville, IN, 47638 in Wadesville at $257,500 earns $1,672/mo in rent and nets $126/mo after the $1,158/mo payment, a 7.79% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $71,143 over five years. Ziffy Mortgage underwrites this on a 1.44 DSCR without U.S. credit history. With $2,372/yr in principal paydown, total projected return reaches $105,580.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.8% | 7.0% |
| Monthly Cash Flow | $126 | $300 |
City averages based on Wadesville market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,672 |
| Total Monthly Debt Service | $1,443 |
| DSCR Ratio | 1.16x |
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 1972
0.56 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 1972
0.56 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: N/A • N/A
Mls Name: undefined
Mls ID: #N/A