322 S Chicago StRoyal CenterIN46978
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who treat current yield as secondary to long-run equity growth will find 322 S Chicago St, Royal Center, IN, 46978 in Royal Center worth modelling. At $105,000 with a 9.1% gross yield, the $796/mo rent leaves $166/mo after the $472/mo payment, sufficient to cover costs, modest in distribution. Ziffy Mortgage's 1.69 DSCR loan can finance the acquisition without personal income documentation. Appreciation of 5%/yr is projected to add $29,010 by year five; $967/yr in principal reduction adds further equity. Total projected return: $50,427.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 7.0% |
| Monthly Cash Flow | $166 | $300 |
City averages based on Royal Center market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $796 |
| Total Monthly Debt Service | $589 |
| DSCR Ratio | 1.35x |
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
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46978, Royal Center, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 899 (100%) |
| Owner Occupied HU | 694 (77.2%) |
| Renter Occupied HU | 128 (14.2%) |
| Vacant Housing Units | 77 ( 8.6%) |
| Median Home Value | $170,000 |
| Average Home Value | $179,362 |
Housing Distribution
Address Breakdown
Residential
556
Single Family
556
Multi-Family
0
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 1900
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46978, Royal Center, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 899 (100%) |
| Owner Occupied HU | 694 (77.2%) |
| Renter Occupied HU | 128 (14.2%) |
| Vacant Housing Units | 77 ( 8.6%) |
| Median Home Value | $170,000 |
| Average Home Value | $179,362 |
Housing Distribution
Address Breakdown
Residential
556
Single Family
556
Multi-Family
0
Businesses
40
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Joseph Vigliano • Indianapolis Realty Services
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22079824