300 E North Main StSummittvilleIN46070
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 300 E North Main St, Summittville, IN, 46070 in Summittville: $1,885/mo in rent, $445/mo in net income, 9.43% gross yield, 1.75 DSCR, all at $240,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $66,308 in appreciation and $2,210/yr in principal paydown projects total cumulative return of $119,406.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 6.0% |
| Monthly Cash Flow | $445 | $300 |
City averages based on Summittville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,885 |
| Total Monthly Debt Service | $1,345 |
| 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 1899
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46070, Summitville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 985 (100%) |
| Owner Occupied HU | 764 (77.6%) |
| Renter Occupied HU | 147 (14.9%) |
| Vacant Housing Units | 74 ( 7.5%) |
| Median Home Value | $195,982 |
| Average Home Value | $197,592 |
Housing Distribution
Address Breakdown
Residential
722
Single Family
722
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 1899
0.37 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46070, Summitville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 985 (100%) |
| Owner Occupied HU | 764 (77.6%) |
| Renter Occupied HU | 147 (14.9%) |
| Vacant Housing Units | 74 ( 7.5%) |
| Median Home Value | $195,982 |
| Average Home Value | $197,592 |
Housing Distribution
Address Breakdown
Residential
722
Single Family
722
Multi-Family
0
Businesses
24
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dan Bragg • Berkshire Hathaway HomeServices Indiana Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510535
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.