331 Horning DrOdonIN47562
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe income profile at 331 Horning Dr, Odon, IN, 47562 in Odon is straightforward: $339,000 in, $2,340/mo in rent, $305/mo out after debt service. The 8.28% gross yield and 1.54 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $93,659 by year five. With $3,122/yr in principal equity, the total cumulative return is projected at $147,955.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.3% | 7.0% |
| Monthly Cash Flow | $305 | $300 |
City averages based on Odon market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,340 |
| Total Monthly Debt Service | $1,900 |
| DSCR Ratio | 1.23x |
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.
Manufactured
Built in 2022
2.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47562, Odon, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,799 (100%) |
| Owner Occupied HU | 1,335 (74.2%) |
| Renter Occupied HU | 354 (19.7%) |
| Vacant Housing Units | 110 ( 6.1%) |
| Median Home Value | $238,010 |
| Average Home Value | $260,268 |
Housing Distribution
Address Breakdown
Residential
1,785
Single Family
1,673
Multi-Family
112
Businesses
133
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
Manufactured
Built in 2022
2.61 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47562, Odon, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,799 (100%) |
| Owner Occupied HU | 1,335 (74.2%) |
| Renter Occupied HU | 354 (19.7%) |
| Vacant Housing Units | 110 ( 6.1%) |
| Median Home Value | $238,010 |
| Average Home Value | $260,268 |
Housing Distribution
Address Breakdown
Residential
1,785
Single Family
1,673
Multi-Family
112
Businesses
133
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices