400 S Main StIdavilleIN47950
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow400 S Main St, Idaville, IN, 47950 in Idaville earns its strong cash-flow label: 14.84% yield, $1,855/mo rent, $955/mo net income, DSCR 2.75. The $150,000 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $41,442 by year five. Combined with $1,382/yr in principal paydown, total projected return reaches $118,232.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 14.8% | 7.2% |
| Monthly Cash Flow | $955 | $250 |
City averages based on Idaville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,855 |
| Total Monthly Debt Service | $841 |
| DSCR Ratio | 2.21x |
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 1913
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47950, Idaville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 344 (100%) |
| Owner Occupied HU | 243 (70.6%) |
| Renter Occupied HU | 59 (17.2%) |
| Vacant Housing Units | 42 (12.2%) |
| Median Home Value | $200,862 |
| Average Home Value | $229,763 |
Housing Distribution
Address Breakdown
Residential
281
Single Family
281
Multi-Family
0
Businesses
6
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 1913
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47950, Idaville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 344 (100%) |
| Owner Occupied HU | 243 (70.6%) |
| Renter Occupied HU | 59 (17.2%) |
| Vacant Housing Units | 42 (12.2%) |
| Median Home Value | $200,862 |
| Average Home Value | $229,763 |
Housing Distribution
Address Breakdown
Residential
281
Single Family
281
Multi-Family
0
Businesses
6
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Courtney Cudworth • BerkshireHathaway HS IN Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202437082
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.