509 W State StAshleyIN46705
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 509 W State St, Ashley, IN, 46705 in Ashley deserves attention. This $197,200 property earns $1,801/mo in rent, a 10.96% gross yield, and nets $617/mo after the $887/mo payment. DSCR 2.03 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $54,483 compounds alongside $1,816/yr in yearly equity build, for a total cumulative return of $114,351.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11% | 7.0% |
| Monthly Cash Flow | $617 | $300 |
City averages based on Ashley market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,801 |
| Total Monthly Debt Service | $1,105 |
| DSCR Ratio | 1.63x |
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
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46705, Ashley, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 736 (100%) |
| Owner Occupied HU | 493 (67.0%) |
| Renter Occupied HU | 162 (22.0%) |
| Vacant Housing Units | 81 (11.0%) |
| Median Home Value | $182,083 |
| Average Home Value | $237,825 |
Housing Distribution
Address Breakdown
Residential
403
Single Family
361
Multi-Family
42
Businesses
69
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
0.51 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46705, Ashley, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 736 (100%) |
| Owner Occupied HU | 493 (67.0%) |
| Renter Occupied HU | 162 (22.0%) |
| Vacant Housing Units | 81 (11.0%) |
| Median Home Value | $182,083 |
| Average Home Value | $237,825 |
Housing Distribution
Address Breakdown
Residential
403
Single Family
361
Multi-Family
42
Businesses
69
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dana Botteron • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202525778
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.