505 Franklin StGoshenIN46526
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 505 Franklin St, Goshen, IN, 46526 in Goshen deserves attention. This $139,900 property earns $1,352/mo in rent, a 11.6% gross yield, and nets $513/mo after the $629/mo payment. DSCR 2.15 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $38,652 compounds alongside $1,288/yr in yearly equity build, for a total cumulative return of $85,888.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.6% | 7.0% |
| Monthly Cash Flow | $513 | $300 |
City averages based on Goshen market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,352 |
| Total Monthly Debt Service | $784 |
| DSCR Ratio | 1.72x |
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 1905
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46526, Goshen, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,063 (100%) |
| Owner Occupied HU | 8,487 (65.0%) |
| Renter Occupied HU | 3,852 (29.5%) |
| Vacant Housing Units | 724 ( 5.5%) |
| Median Home Value | $226,148 |
| Average Home Value | $269,072 |
Housing Distribution
Address Breakdown
Residential
12,628
Single Family
11,718
Multi-Family
910
Businesses
830
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 1905
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46526, Goshen, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 13,063 (100%) |
| Owner Occupied HU | 8,487 (65.0%) |
| Renter Occupied HU | 3,852 (29.5%) |
| Vacant Housing Units | 724 ( 5.5%) |
| Median Home Value | $226,148 |
| Average Home Value | $269,072 |
Housing Distribution
Address Breakdown
Residential
12,628
Single Family
11,718
Multi-Family
910
Businesses
830
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices