406 W Main StWorthingtonIN47471
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 406 W Main St, Worthington, IN, 47471 in Worthington. At $124,500 it earns $1,043/mo in rent and distributes $295/mo to the owner after the $560/mo payment, a consistent 10.05% yield. DSCR 1.86 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $34,397 in value; $1,147/yr in principal paydown compounds ownership stake. Total projected return: $66,179.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 8.0% |
| Monthly Cash Flow | $295 | $300 |
City averages based on Worthington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,043 |
| Total Monthly Debt Service | $698 |
| 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.
Manufactured
Built in 2001
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47471, Worthington, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,188 (100%) |
| Owner Occupied HU | 826 (69.5%) |
| Renter Occupied HU | 226 (19.0%) |
| Vacant Housing Units | 136 (11.4%) |
| Median Home Value | $122,464 |
| Average Home Value | $181,262 |
Housing Distribution
Address Breakdown
Residential
1,187
Single Family
1,162
Multi-Family
25
Businesses
84
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
Manufactured
Built in 2001
0.45 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47471, Worthington, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,188 (100%) |
| Owner Occupied HU | 826 (69.5%) |
| Renter Occupied HU | 226 (19.0%) |
| Vacant Housing Units | 136 (11.4%) |
| Median Home Value | $122,464 |
| Average Home Value | $181,262 |
Housing Distribution
Address Breakdown
Residential
1,187
Single Family
1,162
Multi-Family
25
Businesses
84
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Risa Dyar • Risa Dyar Real Estate
Mls Name: IRMLS
Mls ID: #202531200