418 Harrodsburg RdSpringvilleIN47462
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeReliable, bankable, and well-priced, 418 Harrodsburg Rd, Springville, IN, 47462 in Springville delivers $1,829/mo in gross rent and $354/mo in net monthly income at a $245,678 entry. The 8.93% yield and 1.66 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $67,876 over five years and $2,263/yr in equity from loan paydown, total projected return is $115,750.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.9% | 6.0% |
| Monthly Cash Flow | $354 | $1,200 |
City averages based on Springville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,829 |
| Total Monthly Debt Service | $1,377 |
| DSCR Ratio | 1.33x |
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 1994
13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47462, Springville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,250 (100%) |
| Owner Occupied HU | 1,864 (82.8%) |
| Renter Occupied HU | 230 (10.2%) |
| Vacant Housing Units | 156 ( 6.9%) |
| Median Home Value | $254,428 |
| Average Home Value | $300,248 |
Housing Distribution
Address Breakdown
Residential
2,018
Single Family
2,018
Multi-Family
0
Businesses
47
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 1994
13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47462, Springville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,250 (100%) |
| Owner Occupied HU | 1,864 (82.8%) |
| Renter Occupied HU | 230 (10.2%) |
| Vacant Housing Units | 156 ( 6.9%) |
| Median Home Value | $254,428 |
| Average Home Value | $300,248 |
Housing Distribution
Address Breakdown
Residential
2,018
Single Family
2,018
Multi-Family
0
Businesses
47
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Cody Coffey • United Country Coffey Realty & Auction
Mls Name: IRMLS
Mls ID: #202535317