4100 W Ivanwald DrReelsvilleIN46171
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThis is a cash-flow-light asset: 4100 W Ivanwald Dr, Reelsville, IN, 46171 in Reelsville, $277,499, 8.01% gross yield, $187/mo net income. Consider it a market-entry position, the $1,853/mo rent covers the $1,248/mo payment with a margin, and 5%/yr appreciation is projected to add $76,668 to the asset's value over five years. Ziffy Mortgage approves DSCR loans (coverage 1.48) for non-U.S. residents without domestic income documentation. Consider a higher down payment to widen the monthly margin. Total projected return: $117,055.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8% | 6.0% |
| Monthly Cash Flow | $187 | $1,500 |
City averages based on Reelsville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,853 |
| Total Monthly Debt Service | $1,555 |
| DSCR Ratio | 1.19x |
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 1975
0.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46171, Reelsville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 863 (100%) |
| Owner Occupied HU | 710 (82.3%) |
| Renter Occupied HU | 81 ( 9.4%) |
| Vacant Housing Units | 72 ( 8.3%) |
| Median Home Value | $258,738 |
| Average Home Value | $302,792 |
Housing Distribution
Address Breakdown
Residential
776
Single Family
776
Multi-Family
0
Businesses
14
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 1975
0.82 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46171, Reelsville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 863 (100%) |
| Owner Occupied HU | 710 (82.3%) |
| Renter Occupied HU | 81 ( 9.4%) |
| Vacant Housing Units | 72 ( 8.3%) |
| Median Home Value | $258,738 |
| Average Home Value | $302,792 |
Housing Distribution
Address Breakdown
Residential
776
Single Family
776
Multi-Family
0
Businesses
14
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Debbie Mershon • A & B HOMES
Mls Name: THAAR
Mls ID: #106843