2640 S Silcox RdParagonIN46166
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 2640 S Silcox Rd, Paragon, IN, 46166 in Paragon hard to pass up. The 11.15% gross yield on a $215,200 purchase results in $1,999/mo in rent and $707/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.07). Annual cash flow of $8,489, five-year appreciation of $59,456, and $1,982/yr in equity build-up combine for a projected total cumulative return of $126,934.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 6.0% |
| Monthly Cash Flow | $707 | $1,500 |
City averages based on Paragon market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,999 |
| Total Monthly Debt Service | $1,206 |
| DSCR Ratio | 1.66x |
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 2008
3.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46166, Paragon, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 976 (100%) |
| Owner Occupied HU | 751 (76.9%) |
| Renter Occupied HU | 158 (16.2%) |
| Vacant Housing Units | 67 ( 6.9%) |
| Median Home Value | $222,679 |
| Average Home Value | $236,441 |
Housing Distribution
Address Breakdown
Residential
703
Single Family
703
Multi-Family
0
Businesses
35
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 2008
3.07 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46166, Paragon, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 976 (100%) |
| Owner Occupied HU | 751 (76.9%) |
| Renter Occupied HU | 158 (16.2%) |
| Vacant Housing Units | 67 ( 6.9%) |
| Median Home Value | $222,679 |
| Average Home Value | $236,441 |
Housing Distribution
Address Breakdown
Residential
703
Single Family
703
Multi-Family
0
Businesses
35
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices