302 S Main StPine VillageIN47975
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderCapital preservation and steady income define 302 S Main St, Pine Village, IN, 47975 in Pine Village. Rental yield 7.08%. The 1.31 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $88,410 and $2,947/yr in principal reduction project total return of $118,988.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.1% | 7.0% |
| Monthly Cash Flow | $(33) | $300 |
City averages based on Pine Village market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,888 |
| Total Monthly Debt Service | $1,794 |
| DSCR Ratio | 1.05x |
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 1940
2.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47975, Pine Village, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 334 (100%) |
| Owner Occupied HU | 251 (75.1%) |
| Renter Occupied HU | 37 (11.1%) |
| Vacant Housing Units | 46 (13.8%) |
| Median Home Value | $236,029 |
| Average Home Value | $257,908 |
Housing Distribution
Address Breakdown
Residential
209
Single Family
209
Multi-Family
0
Businesses
13
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 1940
2.95 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47975, Pine Village, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 334 (100%) |
| Owner Occupied HU | 251 (75.1%) |
| Renter Occupied HU | 37 (11.1%) |
| Vacant Housing Units | 46 (13.8%) |
| Median Home Value | $236,029 |
| Average Home Value | $257,908 |
Housing Distribution
Address Breakdown
Residential
209
Single Family
209
Multi-Family
0
Businesses
13
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Matt E Akers • Rainbow Realty
Mls Name: IRMLS
Mls ID: #202602742