4462 W 3rd StWest LebanonIN47991
INVESTMENT ANALYSIS
Investment Verdict
Income-Producing4462 W 3rd St, West Lebanon, IN, 47991 in West Lebanon is a stable, well-positioned rental at $409,900. Rental yield 6.88%. DSCR 1.28 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $113,248 in value and $3,775/yr in principal paydown builds equity, a total projected return of $147,992.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.9% | 7.0% |
| Monthly Cash Flow | $(111) | $500 |
City averages based on West Lebanon market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,350 |
| Total Monthly Debt Service | $2,297 |
| DSCR Ratio | 1.02x |
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 2006
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47991, West Lebanon, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 424 (100%) |
| Owner Occupied HU | 302 (71.2%) |
| Renter Occupied HU | 83 (19.6%) |
| Vacant Housing Units | 39 ( 9.2%) |
| Median Home Value | $167,143 |
| Average Home Value | $204,743 |
Housing Distribution
Address Breakdown
Residential
330
Single Family
330
Multi-Family
0
Businesses
28
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 2006
10 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47991, West Lebanon, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 424 (100%) |
| Owner Occupied HU | 302 (71.2%) |
| Renter Occupied HU | 83 (19.6%) |
| Vacant Housing Units | 39 ( 9.2%) |
| Median Home Value | $167,143 |
| Average Home Value | $204,743 |
Housing Distribution
Address Breakdown
Residential
330
Single Family
330
Multi-Family
0
Businesses
28
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Julie R Boyce • Keller Williams Lafayette
Mls Name: IRMLS
Mls ID: #202605370