2621 N Us Highway 421MedaryvilleIN47957
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 2621 N Us Highway 421, Medaryville, IN, 47957 in Medaryville: $1,451/mo in rent, $341/mo in net income, 9.42% gross yield, 1.75 DSCR, all at $184,900. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $51,084 in appreciation and $1,703/yr in principal paydown projects total cumulative return of $91,988.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.2% |
| Monthly Cash Flow | $341 | $400 |
City averages based on Medaryville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,451 |
| Total Monthly Debt Service | $1,036 |
| DSCR Ratio | 1.40x |
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 1999
2.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47957, Medaryville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 760 (100%) |
| Owner Occupied HU | 527 (69.3%) |
| Renter Occupied HU | 135 (17.8%) |
| Vacant Housing Units | 98 (12.9%) |
| Median Home Value | $134,647 |
| Average Home Value | $164,696 |
Housing Distribution
Address Breakdown
Residential
516
Single Family
516
Multi-Family
0
Businesses
24
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 1999
2.58 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47957, Medaryville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 760 (100%) |
| Owner Occupied HU | 527 (69.3%) |
| Renter Occupied HU | 135 (17.8%) |
| Vacant Housing Units | 98 (12.9%) |
| Median Home Value | $134,647 |
| Average Home Value | $164,696 |
Housing Distribution
Address Breakdown
Residential
516
Single Family
516
Multi-Family
0
Businesses
24
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dawn Patterson • Vylla Home
Mls Name: NIRA
Mls ID: #831244