3278 N Pointe AveTerre HauteIN47805
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors targeting immediate dollar income will find 3278 N Pointe Ave, Terre Haute, IN, 47805 in Terre Haute hard to pass up. The 10.36% gross yield on a $289,000 purchase results in $2,496/mo in rent and $761/mo in net cash, well above the spread required for Ziffy Mortgage's DSCR qualification (1.92). Annual cash flow of $9,134, five-year appreciation of $79,845, and $2,662/yr in equity build-up combine for a projected total cumulative return of $158,308.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 7.5% |
| Monthly Cash Flow | $761 | $450 |
City averages based on Terre Haute market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,496 |
| Total Monthly Debt Service | $1,620 |
| DSCR Ratio | 1.54x |
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 2006
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47805, Terre Haute, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,701 (100%) |
| Owner Occupied HU | 4,194 (73.6%) |
| Renter Occupied HU | 1,172 (20.6%) |
| Vacant Housing Units | 335 ( 5.9%) |
| Median Home Value | $168,028 |
| Average Home Value | $217,341 |
Housing Distribution
Address Breakdown
Residential
5,548
Single Family
5,548
Multi-Family
0
Businesses
236
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 2006
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47805, Terre Haute, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 5,701 (100%) |
| Owner Occupied HU | 4,194 (73.6%) |
| Renter Occupied HU | 1,172 (20.6%) |
| Vacant Housing Units | 335 ( 5.9%) |
| Median Home Value | $168,028 |
| Average Home Value | $217,341 |
Housing Distribution
Address Breakdown
Residential
5,548
Single Family
5,548
Multi-Family
0
Businesses
236
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: MATT RENN • CENTURY 21 ELITE
Mls Name: THAAR
Mls ID: #107412