47 N Pearl StNew WaverlyIN46961
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe 7.8% yield at 47 N Pearl St, New Waverly, IN, 46961 in New Waverly is solid, but the $831/mo payment compresses net cash flow to $91/mo at $184,900. This is a tight-spread property, income covers debt, with little cushion. For investors who can optimise occupancy, the upside is real: 5% annual appreciation adds $51,084 by year five, and $1,703/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.45) without U.S. income documentation. Total projected return: $75,908.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.8% | 6.0% |
| Monthly Cash Flow | $91 | $1,200 |
City averages based on New Waverly market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,201 |
| Total Monthly Debt Service | $1,036 |
| DSCR Ratio | 1.16x |
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 1990
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46961, New Waverly, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10 (100%) |
| Owner Occupied HU | 8 (80.0%) |
| Renter Occupied HU | 2 (20.0%) |
| Vacant Housing Units | 0 |
| Median Home Value | $225,000 |
| Average Home Value | $205,938 |
Housing Distribution
Address Breakdown
Residential
39
Single Family
39
Multi-Family
0
Businesses
1
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 1990
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46961, New Waverly, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 10 (100%) |
| Owner Occupied HU | 8 (80.0%) |
| Renter Occupied HU | 2 (20.0%) |
| Vacant Housing Units | 0 |
| Median Home Value | $225,000 |
| Average Home Value | $205,938 |
Housing Distribution
Address Breakdown
Residential
39
Single Family
39
Multi-Family
0
Businesses
1
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jill Ash • Allen Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202440464
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.