42 Center StAvocaIN47420
INVESTMENT ANALYSIS
Investment Verdict
Solid Income42 Center St, Avoca, IN, 47420 in Avoca is a solid income-producing rental, 9.03% gross yield, $2,503/mo rent, $506/mo net cash flow on a $332,700 buy. DSCR 1.67 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $91,919 and $3,064/yr in principal reduction project a total cumulative return of $158,474.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9% | 9.0% |
| Monthly Cash Flow | $506 | $300 |
City averages based on Avoca market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,503 |
| Total Monthly Debt Service | $1,865 |
| DSCR Ratio | 1.34x |
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 1969
2.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47420, Avoca, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11 (100%) |
| Owner Occupied HU | 9 (81.8%) |
| Renter Occupied HU | 0 |
| Vacant Housing Units | 2 (18.2%) |
| Median Home Value | $312,500 |
| Average Home Value | $270,833 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
7
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 1969
2.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47420, Avoca, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11 (100%) |
| Owner Occupied HU | 9 (81.8%) |
| Renter Occupied HU | 0 |
| Vacant Housing Units | 2 (18.2%) |
| Median Home Value | $312,500 |
| Average Home Value | $270,833 |
Housing Distribution
Address Breakdown
Residential
1
Single Family
1
Multi-Family
0
Businesses
7
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brianne A Goodwine • Williams Carpenter Realtors
Mls Name: IRMLS
Mls Provider:
Mls ID: #202520884
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.