312 W Keeling StVeedersburgIN47987
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowNot flashy, but dependably profitable, 312 W Keeling St, Veedersburg, IN, 47987 in Veedersburg is listed at $155,000 and delivers $1,368/mo in rent and $438/mo in net monthly cash flow. The 10.59% yield and 1.96 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $42,824 over five years, and $1,428/yr in principal reduction supplements cash return. Total projected cumulative return: $86,850.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 6.0% |
| Monthly Cash Flow | $438 | $200 |
City averages based on Veedersburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,368 |
| Total Monthly Debt Service | $869 |
| DSCR Ratio | 1.57x |
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 1960
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47987, Veedersburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,768 (100%) |
| Owner Occupied HU | 1,275 (72.1%) |
| Renter Occupied HU | 347 (19.6%) |
| Vacant Housing Units | 146 ( 8.3%) |
| Median Home Value | $166,250 |
| Average Home Value | $196,373 |
Housing Distribution
Address Breakdown
Residential
1,598
Single Family
1,577
Multi-Family
21
Businesses
99
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 1960
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47987, Veedersburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,768 (100%) |
| Owner Occupied HU | 1,275 (72.1%) |
| Renter Occupied HU | 347 (19.6%) |
| Vacant Housing Units | 146 ( 8.3%) |
| Median Home Value | $166,250 |
| Average Home Value | $196,373 |
Housing Distribution
Address Breakdown
Residential
1,598
Single Family
1,577
Multi-Family
21
Businesses
99
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: IRMLS
Mls ID: #202610146