304 N Burke StWolcottIN47995
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 304 N Burke St, Wolcott, IN, 47995 in Wolcott. At $142,900 it earns $1,330/mo in rent and distributes $419/mo to the owner after the $643/mo payment, a consistent 11.17% yield. DSCR 2.07 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $39,481 in value; $1,316/yr in principal paydown compounds ownership stake. Total projected return: $81,281.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.2% | 7.0% |
| Monthly Cash Flow | $419 | $1,500 |
City averages based on Wolcott market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,330 |
| Total Monthly Debt Service | $854 |
| DSCR Ratio | 1.56x |
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 1911
6,960 sqft lot
$N/A/sqft
No HOA
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 1911
6,960 sqft lot
$N/A/sqft
No HOA
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: JoAnn McElfresh • Jenkins, REALTORS, INC.
Mls Name: NIRA
Mls Provider:
Mls ID: #822085
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