402 North StLewisvilleIN47352
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 402 North St, Lewisville, IN, 47352 in Lewisville deserves attention. This $265,500 property earns $2,222/mo in rent, a 10.04% gross yield, and nets $629/mo after the $1,194/mo payment. DSCR 1.86 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $73,353 compounds alongside $2,445/yr in yearly equity build, for a total cumulative return of $140,895.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10% | 6.5% |
| Monthly Cash Flow | $629 | $300 |
City averages based on Lewisville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,222 |
| Total Monthly Debt Service | $1,488 |
| DSCR Ratio | 1.49x |
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 1968
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47352, Lewisville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 373 (100%) |
| Owner Occupied HU | 265 (71.0%) |
| Renter Occupied HU | 63 (16.9%) |
| Vacant Housing Units | 45 (12.1%) |
| Median Home Value | $210,556 |
| Average Home Value | $236,604 |
Housing Distribution
Address Breakdown
Residential
271
Single Family
271
Multi-Family
0
Businesses
16
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 1968
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47352, Lewisville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 373 (100%) |
| Owner Occupied HU | 265 (71.0%) |
| Renter Occupied HU | 63 (16.9%) |
| Vacant Housing Units | 45 (12.1%) |
| Median Home Value | $210,556 |
| Average Home Value | $236,604 |
Housing Distribution
Address Breakdown
Residential
271
Single Family
271
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian Waters • Mentor Listing Realty, Inc.
Mls Name: IRMLS
Mls ID: #202537135