312 W 3rd StWest LebanonIN47991
INVESTMENT ANALYSIS
Investment Verdict
Solid Income312 W 3rd St, West Lebanon, IN, 47991 in West Lebanon is a solid income-producing rental, 9.65% gross yield, $1,488/mo rent, $377/mo net cash flow on a $185,000 buy. DSCR 1.79 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $51,112 and $1,704/yr in principal reduction project a total cumulative return of $94,289.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.7% | 7.0% |
| Monthly Cash Flow | $377 | $500 |
City averages based on West Lebanon market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,488 |
| Total Monthly Debt Service | $1,037 |
| DSCR Ratio | 1.44x |
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 1965
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47991, West Lebanon, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 424 (100%) |
| Owner Occupied HU | 302 (71.2%) |
| Renter Occupied HU | 83 (19.6%) |
| Vacant Housing Units | 39 ( 9.2%) |
| Median Home Value | $167,143 |
| Average Home Value | $204,743 |
Housing Distribution
Address Breakdown
Residential
330
Single Family
330
Multi-Family
0
Businesses
28
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 1965
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47991, West Lebanon, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 424 (100%) |
| Owner Occupied HU | 302 (71.2%) |
| Renter Occupied HU | 83 (19.6%) |
| Vacant Housing Units | 39 ( 9.2%) |
| Median Home Value | $167,143 |
| Average Home Value | $204,743 |
Housing Distribution
Address Breakdown
Residential
330
Single Family
330
Multi-Family
0
Businesses
28
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Greg Clingan • GregClingan Auction&RealEstate
Mls Name: IRMLS
Mls ID: #202529237