405 S Main StHymeraIN47855
INVESTMENT ANALYSIS
Investment Verdict
Solid Income405 S Main St, Hymera, IN, 47855 in Hymera is a solid income-producing rental, 8.74% gross yield, $1,966/mo rent, $345/mo net cash flow on a $270,000 buy. DSCR 1.62 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $74,596 and $2,487/yr in principal reduction project a total cumulative return of $124,397.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.7% | 7.0% |
| Monthly Cash Flow | $345 | $400 |
City averages based on Hymera market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,966 |
| Total Monthly Debt Service | $1,513 |
| DSCR Ratio | 1.30x |
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 1979
5.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47855, Hymera, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 265 (100%) |
| Owner Occupied HU | 197 (74.3%) |
| Renter Occupied HU | 29 (10.9%) |
| Vacant Housing Units | 39 (14.7%) |
| Median Home Value | $148,214 |
| Average Home Value | $165,254 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
17
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 1979
5.14 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47855, Hymera, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 265 (100%) |
| Owner Occupied HU | 197 (74.3%) |
| Renter Occupied HU | 29 (10.9%) |
| Vacant Housing Units | 39 (14.7%) |
| Median Home Value | $148,214 |
| Average Home Value | $165,254 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
17
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices