3192 E 800 S #2La FontaineIN46940
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingCapital preservation and steady income define 3192 E 800 S #2, La Fontaine, IN, 46940 in La Fontaine. Rental yield 6.02%. The 1.12 coverage passes Ziffy Mortgage's DSCR threshold for non-U.S. residents. Five-year appreciation of $117,420 and $3,914/yr in principal reduction project total return of $133,775.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6% | 8.0% |
| Monthly Cash Flow | $(420) | $1,500 |
City averages based on La Fontaine market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,131 |
| Total Monthly Debt Service | $2,382 |
| DSCR Ratio | 0.89x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1910
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46940, La Fontaine, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,145 (100%) |
| Owner Occupied HU | 847 (74.0%) |
| Renter Occupied HU | 172 (15.0%) |
| Vacant Housing Units | 126 (11.0%) |
| Median Home Value | $202,446 |
| Average Home Value | $244,976 |
Housing Distribution
Address Breakdown
Residential
934
Single Family
926
Multi-Family
8
Businesses
29
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 1910
1 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46940, La Fontaine, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,145 (100%) |
| Owner Occupied HU | 847 (74.0%) |
| Renter Occupied HU | 172 (15.0%) |
| Vacant Housing Units | 126 (11.0%) |
| Median Home Value | $202,446 |
| Average Home Value | $244,976 |
Housing Distribution
Address Breakdown
Residential
934
Single Family
926
Multi-Family
8
Businesses
29
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chad Metzger • Metzger Property Services, LLC
Mls Name: IRMLS
Mls ID: #202546780