4811 E Velocipede PikeWest College CornerIN47003
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowSolid fundamentals define the investment case at 4811 E Velocipede Pike, West College Corner, IN, 47003 in West College Corner: $3,013/mo in rent, $471/mo in net income, 12.26% gross yield, 2.27 DSCR, all at $295,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $81,503 in appreciation and $2,717/yr in principal paydown projects total cumulative return of $145,314.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 12.3% | 6.2% |
| Monthly Cash Flow | $471 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $3,013 |
| Total Monthly Debt Service | $2,424 |
| DSCR Ratio | 1.24x |
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 1914
2.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47003, West College Corner, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 381 (100%) |
| Owner Occupied HU | 213 (55.9%) |
| Renter Occupied HU | 129 (33.9%) |
| Vacant Housing Units | 39 (10.2%) |
| Median Home Value | $186,058 |
| Average Home Value | $199,660 |
Housing Distribution
Address Breakdown
Residential
276
Single Family
244
Multi-Family
32
Businesses
17
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 1914
2.03 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47003, West College Corner, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 381 (100%) |
| Owner Occupied HU | 213 (55.9%) |
| Renter Occupied HU | 129 (33.9%) |
| Vacant Housing Units | 39 (10.2%) |
| Median Home Value | $186,058 |
| Average Home Value | $199,660 |
Housing Distribution
Address Breakdown
Residential
276
Single Family
244
Multi-Family
32
Businesses
17
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: TERRY C ABERNATHY • ABERNATHY AUCTION & REAL ESTATE
Mls Name: East Central Indiana AOR
Mls Provider:
Mls ID: #14428
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.