403 Railroad StElizabethtownIN47232
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 403 Railroad St, Elizabethtown, IN, 47232 in Elizabethtown is listed at $179,900 and delivers $1,469/mo in rent and $389/mo in net monthly cash flow. The 9.8% yield and 1.82 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $49,703 over five years, and $1,657/yr in principal reduction supplements cash return. Total projected cumulative return: $93,130.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.8% | 6.0% |
| Monthly Cash Flow | $389 | $300 |
City averages based on Elizabethtown market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,469 |
| Total Monthly Debt Service | $1,008 |
| DSCR Ratio | 1.46x |
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 2015
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47232, Elizabethtown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,026 (100%) |
| Owner Occupied HU | 872 (85.0%) |
| Renter Occupied HU | 97 ( 9.5%) |
| Vacant Housing Units | 57 ( 5.6%) |
| Median Home Value | $262,245 |
| Average Home Value | $280,249 |
Housing Distribution
Address Breakdown
Residential
847
Single Family
847
Multi-Family
0
Businesses
22
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 2015
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47232, Elizabethtown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,026 (100%) |
| Owner Occupied HU | 872 (85.0%) |
| Renter Occupied HU | 97 ( 9.5%) |
| Vacant Housing Units | 57 ( 5.6%) |
| Median Home Value | $262,245 |
| Average Home Value | $280,249 |
Housing Distribution
Address Breakdown
Residential
847
Single Family
847
Multi-Family
0
Businesses
22
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Chase Simpson • Carpenter, REALTORS
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22052191