301 E Main StMentoneIN46539
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 301 E Main St, Mentone, IN, 46539 in Mentone hard to pass up. The 12.88% gross yield on a $195,000 purchase results in $2,093/mo in rent and $864/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (2.39). Annual cash flow of $10,365, five-year appreciation of $53,875, and $1,796/yr in equity build-up combine for a projected total cumulative return of $129,661.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.9% | 7.5% |
| Monthly Cash Flow | $864 | $300 |
City averages based on Mentone market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,093 |
| Total Monthly Debt Service | $1,151 |
| DSCR Ratio | 1.82x |
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 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46539, Mentone, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,014 (100%) |
| Owner Occupied HU | 711 (70.1%) |
| Renter Occupied HU | 184 (18.1%) |
| Vacant Housing Units | 119 (11.7%) |
| Median Home Value | $178,879 |
| Average Home Value | $248,822 |
Housing Distribution
Address Breakdown
Residential
738
Single Family
717
Multi-Family
21
Businesses
62
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 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46539, Mentone, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,014 (100%) |
| Owner Occupied HU | 711 (70.1%) |
| Renter Occupied HU | 184 (18.1%) |
| Vacant Housing Units | 119 (11.7%) |
| Median Home Value | $178,879 |
| Average Home Value | $248,822 |
Housing Distribution
Address Breakdown
Residential
738
Single Family
717
Multi-Family
21
Businesses
62
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Orville M Haney • Homes Land & Lakes Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202526482
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.