317 E Main StBerneIN46711
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 317 E Main St, Berne, IN, 46711 in Berne. At $144,800 it earns $1,155/mo in rent and distributes $286/mo to the owner after the $651/mo payment, a consistent 9.57% yield. DSCR 1.77 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $40,006 in value; $1,334/yr in principal paydown compounds ownership stake. Total projected return: $73,205.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.6% | 6.0% |
| Monthly Cash Flow | $286 | $150 |
City averages based on Berne market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,155 |
| Total Monthly Debt Service | $812 |
| DSCR Ratio | 1.42x |
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 1930
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46711, Berne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,889 (100%) |
| Owner Occupied HU | 2,069 (71.6%) |
| Renter Occupied HU | 652 (22.6%) |
| Vacant Housing Units | 168 ( 5.8%) |
| Median Home Value | $220,263 |
| Average Home Value | $290,043 |
Housing Distribution
Address Breakdown
Residential
2,870
Single Family
2,566
Multi-Family
304
Businesses
239
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 1930
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46711, Berne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,889 (100%) |
| Owner Occupied HU | 2,069 (71.6%) |
| Renter Occupied HU | 652 (22.6%) |
| Vacant Housing Units | 168 ( 5.8%) |
| Median Home Value | $220,263 |
| Average Home Value | $290,043 |
Housing Distribution
Address Breakdown
Residential
2,870
Single Family
2,566
Multi-Family
304
Businesses
239
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices