406 E Kendall StLa FontaineIN46940
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowDay-one income is the story at 406 E Kendall St, La Fontaine, IN, 46940 in La Fontaine. Priced at $160,000, it generates $1,553/mo in gross rent and $592/mo in net monthly cash flow, a 11.65% yield that comfortably supports the 2.05 DSCR needed for Ziffy Mortgage's no-W2 DSCR mortgage. Projected annual cash flow: $7,108. Five-year appreciation: $44,205. Equity from principal paydown: $1,341/yr. Total projected cumulative return: $95,708.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.7% | 8.0% |
| Monthly Cash Flow | $592 | $1,500 |
City averages based on La Fontaine market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,553 |
| Total Monthly Debt Service | $936 |
| DSCR Ratio | 1.66x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1965
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46940, La Fontaine, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,145 (100%) |
| Owner Occupied HU | 847 (74.0%) |
| Renter Occupied HU | 172 (15.0%) |
| Vacant Housing Units | 126 (11.0%) |
| Median Home Value | $202,446 |
| Average Home Value | $244,976 |
Housing Distribution
Address Breakdown
Residential
934
Single Family
926
Multi-Family
8
Businesses
29
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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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: IRMLS
Mls Provider:
Mls ID: #202638696
