321 W Pine StTopekaIN46571
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 321 W Pine St, Topeka, IN, 46571 in Topeka deserves attention. This $185,000 property earns $1,895/mo in rent, a 12.29% gross yield, and nets $784/mo after the $832/mo payment. DSCR 2.28 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $51,112 compounds alongside $1,704/yr in yearly equity build, for a total cumulative return of $120,473.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.3% | 7.2% |
| Monthly Cash Flow | $784 | $350 |
City averages based on Topeka market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,895 |
| Total Monthly Debt Service | $1,037 |
| DSCR Ratio | 1.83x |
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 1900
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46571, Topeka, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,757 (100%) |
| Owner Occupied HU | 1,392 (79.2%) |
| Renter Occupied HU | 291 (16.6%) |
| Vacant Housing Units | 74 ( 4.2%) |
| Median Home Value | $467,302 |
| Average Home Value | $538,953 |
Housing Distribution
Address Breakdown
Residential
1,408
Single Family
1,408
Multi-Family
0
Businesses
163
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 1900
9,147 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46571, Topeka, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,757 (100%) |
| Owner Occupied HU | 1,392 (79.2%) |
| Renter Occupied HU | 291 (16.6%) |
| Vacant Housing Units | 74 ( 4.2%) |
| Median Home Value | $467,302 |
| Average Home Value | $538,953 |
Housing Distribution
Address Breakdown
Residential
1,408
Single Family
1,408
Multi-Family
0
Businesses
163
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nicolas Wyse • RE/MAX Results-Goshen
Mls Name: IRMLS
Mls Provider:
Mls ID: #202528278
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.