302 Melching CtOssianIN46777
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow302 Melching Ct, Ossian, IN, 46777 in Ossian is a solid income-producing rental, 10.36% gross yield, $1,718/mo rent, $429/mo net cash flow on a $199,000 buy. DSCR 1.92 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $54,980 and $1,833/yr in principal reduction project a total cumulative return of $103,350.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 7.0% |
| Monthly Cash Flow | $429 | $400 |
City averages based on Ossian market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,718 |
| Total Monthly Debt Service | $1,210 |
| DSCR Ratio | 1.42x |
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 1976
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46777, Ossian, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,731 (100%) |
| Owner Occupied HU | 2,141 (78.4%) |
| Renter Occupied HU | 428 (15.7%) |
| Vacant Housing Units | 162 ( 5.9%) |
| Median Home Value | $227,960 |
| Average Home Value | $267,226 |
Housing Distribution
Address Breakdown
Residential
2,606
Single Family
2,547
Multi-Family
59
Businesses
128
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 1976
10,454 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46777, Ossian, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,731 (100%) |
| Owner Occupied HU | 2,141 (78.4%) |
| Renter Occupied HU | 428 (15.7%) |
| Vacant Housing Units | 162 ( 5.9%) |
| Median Home Value | $227,960 |
| Average Home Value | $267,226 |
Housing Distribution
Address Breakdown
Residential
2,606
Single Family
2,547
Multi-Family
59
Businesses
128
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joni Donaghy-Myers • Coldwell Banker Holloway
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515222
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.