32 W Center StWilliamsportIN47993
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 32 W Center St, Williamsport, IN, 47993 in Williamsport deserves attention. This $218,000 property earns $2,724/mo in rent, a 14.99% gross yield, and nets $1,415/mo after the $980/mo payment. DSCR 2.78 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $60,229 compounds alongside $2,008/yr in yearly equity build, for a total cumulative return of $173,610.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 15% | 6.0% |
| Monthly Cash Flow | $1,415 | $400 |
City averages based on Williamsport market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,724 |
| Total Monthly Debt Service | $1,222 |
| DSCR Ratio | 2.23x |
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 1892
8,820 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47993, Williamsport, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,677 (100%) |
| Owner Occupied HU | 1,194 (71.2%) |
| Renter Occupied HU | 337 (20.1%) |
| Vacant Housing Units | 146 ( 8.7%) |
| Median Home Value | $154,861 |
| Average Home Value | $193,492 |
Housing Distribution
Address Breakdown
Residential
1,591
Single Family
1,591
Multi-Family
0
Businesses
120
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 1892
8,820 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47993, Williamsport, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,677 (100%) |
| Owner Occupied HU | 1,194 (71.2%) |
| Renter Occupied HU | 337 (20.1%) |
| Vacant Housing Units | 146 ( 8.7%) |
| Median Home Value | $154,861 |
| Average Home Value | $193,492 |
Housing Distribution
Address Breakdown
Residential
1,591
Single Family
1,591
Multi-Family
0
Businesses
120
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Angie Fitzmorris-Stucky • Raeco Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202508196
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.