324 N 7th StCanneltonIN47520
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 324 N 7th St, Cannelton, IN, 47520 in Cannelton deserves attention. This $108,500 property earns $1,249/mo in rent, a 13.82% gross yield, and nets $594/mo after the $488/mo payment. DSCR 2.56 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $29,977 compounds alongside $999/yr in yearly equity build, for a total cumulative return of $79,285.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.8% | 8.0% |
| Monthly Cash Flow | $594 | $1,200 |
City averages based on Cannelton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,249 |
| Total Monthly Debt Service | $612 |
| DSCR Ratio | 2.04x |
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 1940
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47520, Cannelton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,558 (100%) |
| Owner Occupied HU | 934 (59.9%) |
| Renter Occupied HU | 387 (24.8%) |
| Vacant Housing Units | 237 (15.2%) |
| Median Home Value | $218,750 |
| Average Home Value | $251,004 |
Housing Distribution
Address Breakdown
Residential
1,481
Single Family
1,319
Multi-Family
162
Businesses
65
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 1940
0.44 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47520, Cannelton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,558 (100%) |
| Owner Occupied HU | 934 (59.9%) |
| Renter Occupied HU | 387 (24.8%) |
| Vacant Housing Units | 237 (15.2%) |
| Median Home Value | $218,750 |
| Average Home Value | $251,004 |
Housing Distribution
Address Breakdown
Residential
1,481
Single Family
1,319
Multi-Family
162
Businesses
65
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Rebecca M Demastus • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202425572
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.