309 S Green StFountain CityIN47341
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 309 S Green St, Fountain City, IN, 47341 in Fountain City. At $169,999 it earns $1,330/mo in rent and distributes $309/mo to the owner after the $764/mo payment, a consistent 9.39% yield. DSCR 1.74 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $46,968 in value; $1,566/yr in principal paydown compounds ownership stake. Total projected return: $84,299.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 7.0% |
| Monthly Cash Flow | $309 | $1,500 |
City averages based on Fountain City market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,330 |
| Total Monthly Debt Service | $953 |
| DSCR Ratio | 1.40x |
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
9,060 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47341, Fountain City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 842 (100%) |
| Owner Occupied HU | 629 (74.7%) |
| Renter Occupied HU | 141 (16.7%) |
| Vacant Housing Units | 72 ( 8.6%) |
| Median Home Value | $223,311 |
| Average Home Value | $258,442 |
Housing Distribution
Address Breakdown
Residential
663
Single Family
650
Multi-Family
13
Businesses
33
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
9,060 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47341, Fountain City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 842 (100%) |
| Owner Occupied HU | 629 (74.7%) |
| Renter Occupied HU | 141 (16.7%) |
| Vacant Housing Units | 72 ( 8.6%) |
| Median Home Value | $223,311 |
| Average Home Value | $258,442 |
Housing Distribution
Address Breakdown
Residential
663
Single Family
650
Multi-Family
13
Businesses
33
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: RLMS
Mls ID: #10053301