474 S 1280 WRussiavilleIN46979
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe 7.29% yield at 474 S 1280 W, Russiaville, IN, 46979 in Russiaville is solid, but the $1,645/mo payment compresses net cash flow to $26/mo at $365,900. 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 $101,091 by year five, and $3,370/yr in loan paydown builds equity. Ziffy Mortgage qualifies this via DSCR (1.35) without U.S. income documentation. Total projected return: $140,144.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.3% | 6.0% |
| Monthly Cash Flow | $26 | $300 |
City averages based on Russiaville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,222 |
| Total Monthly Debt Service | $2,051 |
| DSCR Ratio | 1.08x |
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 1992
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46979, Russiaville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,924 (100%) |
| Owner Occupied HU | 1,623 (84.4%) |
| Renter Occupied HU | 190 ( 9.9%) |
| Vacant Housing Units | 111 ( 5.8%) |
| Median Home Value | $231,271 |
| Average Home Value | $270,051 |
Housing Distribution
Address Breakdown
Residential
1,860
Single Family
1,860
Multi-Family
0
Businesses
75
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 1992
5 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46979, Russiaville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,924 (100%) |
| Owner Occupied HU | 1,623 (84.4%) |
| Renter Occupied HU | 190 ( 9.9%) |
| Vacant Housing Units | 111 ( 5.8%) |
| Median Home Value | $231,271 |
| Average Home Value | $270,051 |
Housing Distribution
Address Breakdown
Residential
1,860
Single Family
1,860
Multi-Family
0
Businesses
75
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Amy True • True Realty
Mls Name: IRMLS
Mls ID: #202536097