3 Blackberry LnDelphiIN46923
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis Delphi rental at 3 Blackberry Ln, Delphi, IN, 46923 sits in the solid-income band: 10.08% gross yield, $1,465/mo rent, $418/mo net after the $785/mo debt service, DSCR 1.87. Entry price of $174,500 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $48,211 and $1,607/yr in principal reduction bring total cumulative return to $92,881.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 6.0% |
| Monthly Cash Flow | $418 | $250 |
City averages based on Delphi market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,465 |
| Total Monthly Debt Service | $978 |
| DSCR Ratio | 1.50x |
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.
Condo
Built in 1993
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46923, Delphi, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,476 (100%) |
| Owner Occupied HU | 2,521 (72.5%) |
| Renter Occupied HU | 683 (19.6%) |
| Vacant Housing Units | 272 ( 7.8%) |
| Median Home Value | $171,232 |
| Average Home Value | $207,676 |
Housing Distribution
Address Breakdown
Residential
3,286
Single Family
3,248
Multi-Family
38
Businesses
307
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
Condo
Built in 1993
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46923, Delphi, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,476 (100%) |
| Owner Occupied HU | 2,521 (72.5%) |
| Renter Occupied HU | 683 (19.6%) |
| Vacant Housing Units | 272 ( 7.8%) |
| Median Home Value | $171,232 |
| Average Home Value | $207,676 |
Housing Distribution
Address Breakdown
Residential
3,286
Single Family
3,248
Multi-Family
38
Businesses
307
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joan Abbott • Joan Abbott Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202444658
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.