310 2nd StOoliticIN47451
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 310 2nd St, Oolitic, IN, 47451 in Oolitic at $189,900 earns $1,309/mo in rent and nets $169/mo after the $854/mo payment, a 8.27% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $52,466 over five years. Ziffy Mortgage underwrites this on a 1.53 DSCR without U.S. credit history. With $1,749/yr in principal paydown, total projected return reaches $82,746.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 6.0% |
| Monthly Cash Flow | $169 | $500 |
City averages based on Oolitic market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,309 |
| Total Monthly Debt Service | $1,064 |
| DSCR Ratio | 1.23x |
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 1900
9,452 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47451, Oolitic, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 586 (100%) |
| Owner Occupied HU | 384 (65.5%) |
| Renter Occupied HU | 137 (23.4%) |
| Vacant Housing Units | 65 (11.1%) |
| Median Home Value | $165,833 |
| Average Home Value | $195,488 |
Housing Distribution
Address Breakdown
Residential
453
Single Family
453
Multi-Family
0
Businesses
35
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 1900
9,452 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47451, Oolitic, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 586 (100%) |
| Owner Occupied HU | 384 (65.5%) |
| Renter Occupied HU | 137 (23.4%) |
| Vacant Housing Units | 65 (11.1%) |
| Median Home Value | $165,833 |
| Average Home Value | $195,488 |
Housing Distribution
Address Breakdown
Residential
453
Single Family
453
Multi-Family
0
Businesses
35
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: MANDY J WARD • Hawkins & Root Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202438924
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.