3580 E Market StPetroleumIN46778
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 3580 E Market St, Petroleum, IN, 46778 in Petroleum. At $148,900 it earns $1,296/mo in rent and distributes $402/mo to the owner after the $670/mo payment, a consistent 10.44% yield. DSCR 1.93 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $41,138 in value; $1,371/yr in principal paydown compounds ownership stake. Total projected return: $82,183.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.4% | 7.0% |
| Monthly Cash Flow | $402 | $1,500 |
City averages based on Petroleum market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,296 |
| Total Monthly Debt Service | $835 |
| DSCR Ratio | 1.55x |
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 1954
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46778, Petroleum, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 40 (100%) |
| Owner Occupied HU | 37 (92.5%) |
| Renter Occupied HU | 3 ( 7.5%) |
| Vacant Housing Units | 0 |
| Median Home Value | $217,857 |
| Average Home Value | $255,405 |
Housing Distribution
Address Breakdown
Residential
48
Single Family
48
Multi-Family
0
Businesses
2
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 1954
0.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46778, Petroleum, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 40 (100%) |
| Owner Occupied HU | 37 (92.5%) |
| Renter Occupied HU | 3 ( 7.5%) |
| Vacant Housing Units | 0 |
| Median Home Value | $217,857 |
| Average Home Value | $255,405 |
Housing Distribution
Address Breakdown
Residential
48
Single Family
48
Multi-Family
0
Businesses
2
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nicholas Huffman • Steffen Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202507652
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.