401 W Iroquois DrEllettsvilleIN47429
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 401 W Iroquois Dr, Ellettsville, IN, 47429 in Ellettsville speaks for itself: 10.8% gross on a $239,900 price, generating $2,160/mo in rent and $720/mo in net income after the $1,079/mo debt service. DSCR 2.00, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $8,639 stacks alongside $66,280 in projected five-year appreciation and $2,210/yr in principal reduction. Projected total cumulative return: $137,145.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.8% | 7.4% |
| Monthly Cash Flow | $720 | $250 |
City averages based on Ellettsville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,160 |
| Total Monthly Debt Service | $1,345 |
| DSCR Ratio | 1.61x |
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 1992
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47429, Ellettsville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,306 (100%) |
| Owner Occupied HU | 2,560 (77.4%) |
| Renter Occupied HU | 615 (18.6%) |
| Vacant Housing Units | 131 ( 4.0%) |
| Median Home Value | $281,209 |
| Average Home Value | $306,251 |
Housing Distribution
Address Breakdown
Residential
3,359
Single Family
3,286
Multi-Family
73
Businesses
162
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 1992
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47429, Ellettsville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,306 (100%) |
| Owner Occupied HU | 2,560 (77.4%) |
| Renter Occupied HU | 615 (18.6%) |
| Vacant Housing Units | 131 ( 4.0%) |
| Median Home Value | $281,209 |
| Average Home Value | $306,251 |
Housing Distribution
Address Breakdown
Residential
3,359
Single Family
3,286
Multi-Family
73
Businesses
162
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22088837