26 N Pearl StNew WaverlyIN46961
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 26 N Pearl St, New Waverly, IN, 46961 in New Waverly deserves attention. This $110,900 property earns $1,331/mo in rent, a 14.4% gross yield, and nets $665/mo after the $499/mo payment. DSCR 2.67 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $30,640 compounds alongside $1,021/yr in yearly equity build, for a total cumulative return of $84,813.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.4% | 6.0% |
| Monthly Cash Flow | $665 | $1,200 |
City averages based on New Waverly market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,331 |
| Total Monthly Debt Service | $622 |
| DSCR Ratio | 2.14x |
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 1945
7,470 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46961, New Waverly, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10 (100%) |
| Owner Occupied HU | 8 (80.0%) |
| Renter Occupied HU | 2 (20.0%) |
| Vacant Housing Units | 0 |
| Median Home Value | $225,000 |
| Average Home Value | $205,938 |
Housing Distribution
Address Breakdown
Residential
39
Single Family
39
Multi-Family
0
Businesses
1
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 1945
7,470 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46961, New Waverly, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10 (100%) |
| Owner Occupied HU | 8 (80.0%) |
| Renter Occupied HU | 2 (20.0%) |
| Vacant Housing Units | 0 |
| Median Home Value | $225,000 |
| Average Home Value | $205,938 |
Housing Distribution
Address Breakdown
Residential
39
Single Family
39
Multi-Family
0
Businesses
1
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