402 S 3rd StPiercetonIN46562
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 402 S 3rd St, Pierceton, IN, 46562 in Pierceton: $908/mo in rent, $218/mo in net income, 9.48% gross yield, 1.76 DSCR, all at $114,900. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $31,745 in appreciation and $1,058/yr in principal paydown projects total cumulative return of $57,530.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 6.0% |
| Monthly Cash Flow | $218 | $200 |
City averages based on Pierceton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $908 |
| Total Monthly Debt Service | $644 |
| DSCR Ratio | 1.41x |
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 1950
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46562, Pierceton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,003 (100%) |
| Owner Occupied HU | 1,411 (70.4%) |
| Renter Occupied HU | 315 (15.7%) |
| Vacant Housing Units | 277 (13.8%) |
| Median Home Value | $253,507 |
| Average Home Value | $290,512 |
Housing Distribution
Address Breakdown
Residential
1,844
Single Family
1,844
Multi-Family
0
Businesses
116
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 1950
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46562, Pierceton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,003 (100%) |
| Owner Occupied HU | 1,411 (70.4%) |
| Renter Occupied HU | 315 (15.7%) |
| Vacant Housing Units | 277 (13.8%) |
| Median Home Value | $253,507 |
| Average Home Value | $290,512 |
Housing Distribution
Address Breakdown
Residential
1,844
Single Family
1,844
Multi-Family
0
Businesses
116
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices