303 S Main StBicknellIN47512
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThis Bicknell rental at 303 S Main St, Bicknell, IN, 47512 sits in the solid-income band: 11.31% gross yield, $1,320/mo rent, $480/mo net after the $630/mo debt service, DSCR 2.10. Entry price of $140,000 is well-calibrated for the income it produces. Ziffy Mortgage finances this type of asset on rental income alone, no tax returns, no U.S. credit profile. Projected five-year appreciation of $38,679 and $1,289/yr in principal reduction bring total cumulative return to $83,820.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.3% | 6.0% |
| Monthly Cash Flow | $480 | $500 |
City averages based on Bicknell market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,320 |
| Total Monthly Debt Service | $785 |
| DSCR Ratio | 1.68x |
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.
Manufactured
Built in 2010
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47512, Bicknell, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,031 (100%) |
| Owner Occupied HU | 1,175 (57.9%) |
| Renter Occupied HU | 504 (24.8%) |
| Vacant Housing Units | 352 (17.3%) |
| Median Home Value | $96,475 |
| Average Home Value | $144,134 |
Housing Distribution
Address Breakdown
Residential
1,577
Single Family
1,562
Multi-Family
15
Businesses
89
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
Manufactured
Built in 2010
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47512, Bicknell, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,031 (100%) |
| Owner Occupied HU | 1,175 (57.9%) |
| Renter Occupied HU | 504 (24.8%) |
| Vacant Housing Units | 352 (17.3%) |
| Median Home Value | $96,475 |
| Average Home Value | $144,134 |
Housing Distribution
Address Breakdown
Residential
1,577
Single Family
1,562
Multi-Family
15
Businesses
89
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Kristi Ritz • KNOX COUNTY REALTY, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202534206
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.