500 Karen DrPittsboroIN46167
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 500 Karen Dr, Pittsboro, IN, 46167 in Pittsboro at $385,000 earns $2,497/mo in rent and nets $186/mo after the $1,731/mo payment, a 7.78% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $106,368 over five years. Ziffy Mortgage underwrites this on a 1.44 DSCR without U.S. credit history. With $3,546/yr in principal paydown, total projected return reaches $157,672.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.8% | 7.0% |
| Monthly Cash Flow | $186 | $150 |
City averages based on Pittsboro market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,497 |
| Total Monthly Debt Service | $2,158 |
| 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 1994
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46167, Pittsboro, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,877 (100%) |
| Owner Occupied HU | 2,560 (89.0%) |
| Renter Occupied HU | 262 ( 9.1%) |
| Vacant Housing Units | 55 ( 1.9%) |
| Median Home Value | $335,971 |
| Average Home Value | $381,369 |
Housing Distribution
Address Breakdown
Residential
2,766
Single Family
2,756
Multi-Family
10
Businesses
131
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 1994
0.31 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46167, Pittsboro, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,877 (100%) |
| Owner Occupied HU | 2,560 (89.0%) |
| Renter Occupied HU | 262 ( 9.1%) |
| Vacant Housing Units | 55 ( 1.9%) |
| Median Home Value | $335,971 |
| Average Home Value | $381,369 |
Housing Distribution
Address Breakdown
Residential
2,766
Single Family
2,756
Multi-Family
10
Businesses
131
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Lori Redman • Sold It Realty Group
Mls Name: MIBOR as distributed by MLS GRID
Mls Provider:
Mls ID: #22049322
Disclaimer: Based on information submitted to the MLS GRID as of 2025-10-12 22:03:24 PDT. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Some IDX listings have been excluded from this website. [Click here for more information](/mls-disclaimers/#48)