417 S Main StFarmlandIN47340
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeThe income profile at 417 S Main St, Farmland, IN, 47340 in Farmland is straightforward: $129,900 in, $1,006/mo in rent, $226/mo out after debt service. The 9.29% gross yield and 1.72 DSCR make this exactly the kind of asset Ziffy Mortgage finances for non-U.S. residents without income documentation. Appreciation at 5%/yr adds $35,889 by year five. With $1,196/yr in principal equity, the total cumulative return is projected at $63,764.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.3% | 4.0% |
| Monthly Cash Flow | $226 | $15,000 |
City averages based on Farmland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,006 |
| Total Monthly Debt Service | $728 |
| DSCR Ratio | 1.38x |
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 1883
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47340, Farmland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,244 (100%) |
| Owner Occupied HU | 912 (73.3%) |
| Renter Occupied HU | 228 (18.3%) |
| Vacant Housing Units | 104 ( 8.4%) |
| Median Home Value | $156,322 |
| Average Home Value | $188,931 |
Housing Distribution
Address Breakdown
Residential
931
Single Family
931
Multi-Family
0
Businesses
55
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 1883
0.66 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47340, Farmland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,244 (100%) |
| Owner Occupied HU | 912 (73.3%) |
| Renter Occupied HU | 228 (18.3%) |
| Vacant Housing Units | 104 ( 8.4%) |
| Median Home Value | $156,322 |
| Average Home Value | $188,931 |
Housing Distribution
Address Breakdown
Residential
931
Single Family
931
Multi-Family
0
Businesses
55
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices