310 N 8th StPiercetonIN46562
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeTight but positive: 310 N 8th St, Pierceton, IN, 46562 in Pierceton at $105,000 earns $802/mo in rent and nets $172/mo after the $472/mo payment, a 9.17% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $29,010 over five years. Ziffy Mortgage underwrites this on a 1.70 DSCR without U.S. credit history. With $967/yr in principal paydown, total projected return reaches $50,799.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.2% | 6.0% |
| Monthly Cash Flow | $172 | $200 |
City averages based on Pierceton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $802 |
| Total Monthly Debt Service | $589 |
| DSCR Ratio | 1.36x |
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
1.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46562, Pierceton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,003 (100%) |
| Owner Occupied HU | 1,411 (70.4%) |
| Renter Occupied HU | 315 (15.7%) |
| Vacant Housing Units | 277 (13.8%) |
| Median Home Value | $253,507 |
| Average Home Value | $290,512 |
Housing Distribution
Address Breakdown
Residential
1,844
Single Family
1,844
Multi-Family
0
Businesses
116
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
1.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46562, Pierceton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,003 (100%) |
| Owner Occupied HU | 1,411 (70.4%) |
| Renter Occupied HU | 315 (15.7%) |
| Vacant Housing Units | 277 (13.8%) |
| Median Home Value | $253,507 |
| Average Home Value | $290,512 |
Housing Distribution
Address Breakdown
Residential
1,844
Single Family
1,844
Multi-Family
0
Businesses
116
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices