315 W Mill StGoodlandIN47948
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 315 W Mill St, Goodland, IN, 47948 in Goodland earns a 8.46% gross yield at $289,000. Rent of $2,038/mo nets $303/mo after the $1,300/mo mortgage. The 1.57 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $79,845 and $2,662/yr in equity accumulation project a total cumulative return of $128,848.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.5% | 6.0% |
| Monthly Cash Flow | $303 | $150 |
City averages based on Goodland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,038 |
| Total Monthly Debt Service | $1,620 |
| DSCR Ratio | 1.26x |
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 1885
1.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47948, Goodland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 578 (100%) |
| Owner Occupied HU | 385 (66.6%) |
| Renter Occupied HU | 137 (23.7%) |
| Vacant Housing Units | 56 ( 9.7%) |
| Median Home Value | $152,961 |
| Average Home Value | $175,396 |
Housing Distribution
Address Breakdown
Residential
481
Single Family
457
Multi-Family
24
Businesses
40
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 1885
1.12 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47948, Goodland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 578 (100%) |
| Owner Occupied HU | 385 (66.6%) |
| Renter Occupied HU | 137 (23.7%) |
| Vacant Housing Units | 56 ( 9.7%) |
| Median Home Value | $152,961 |
| Average Home Value | $175,396 |
Housing Distribution
Address Breakdown
Residential
481
Single Family
457
Multi-Family
24
Businesses
40
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices