302 E 12th StJonesboroIN46938
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow302 E 12th St, Jonesboro, IN, 46938 in Jonesboro is a top-tier cash-flow asset. At $123,000 it produces $1,442/mo in rent and $691/mo in net monthly income, a 14.07% gross rental yield. The DSCR of 2.61 qualifies for Ziffy Mortgage's DSCR loan without W-2s or U.S. credit history. Annual cash flow: $8,290. Five-year appreciation adds $33,983, driving a total cumulative return of $91,066.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.1% | 8.0% |
| Monthly Cash Flow | $691 | $150 |
City averages based on Jonesboro market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,442 |
| Total Monthly Debt Service | $703 |
| DSCR Ratio | 2.05x |
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 1966
9,757 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46938, Jonesboro, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,196 (100%) |
| Owner Occupied HU | 904 (75.6%) |
| Renter Occupied HU | 182 (15.2%) |
| Vacant Housing Units | 110 ( 9.2%) |
| Median Home Value | $133,036 |
| Average Home Value | $179,433 |
Housing Distribution
Address Breakdown
Residential
1,209
Single Family
1,209
Multi-Family
0
Businesses
28
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 1966
9,757 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46938, Jonesboro, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,196 (100%) |
| Owner Occupied HU | 904 (75.6%) |
| Renter Occupied HU | 182 (15.2%) |
| Vacant Housing Units | 110 ( 9.2%) |
| Median Home Value | $133,036 |
| Average Home Value | $179,433 |
Housing Distribution
Address Breakdown
Residential
1,209
Single Family
1,209
Multi-Family
0
Businesses
28
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alexis Johnson • Nicholson Realty 2.0 LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202418565
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.