515 E Washington StAtticaIN47918
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Attica rentals match the income profile of 515 E Washington St, Attica, IN, 47918. Listed at $176,000, gross rent is $1,895/mo and net cash flow is $831/mo, a 12.92% yield well above national averages. DSCR 2.40 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $48,626 by year five with $1,621/yr in annual principal reduction, projecting $120,158 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.9% | 7.0% |
| Monthly Cash Flow | $831 | $250 |
City averages based on Attica market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,895 |
| Total Monthly Debt Service | $994 |
| DSCR Ratio | 1.91x |
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 1925
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47918, Attica, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,831 (100%) |
| Owner Occupied HU | 1,954 (69.0%) |
| Renter Occupied HU | 565 (20.0%) |
| Vacant Housing Units | 312 (11.0%) |
| Median Home Value | $168,497 |
| Average Home Value | $208,433 |
Housing Distribution
Address Breakdown
Residential
2,559
Single Family
2,559
Multi-Family
0
Businesses
195
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 1925
0.46 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47918, Attica, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,831 (100%) |
| Owner Occupied HU | 1,954 (69.0%) |
| Renter Occupied HU | 565 (20.0%) |
| Vacant Housing Units | 312 (11.0%) |
| Median Home Value | $168,497 |
| Average Home Value | $208,433 |
Housing Distribution
Address Breakdown
Residential
2,559
Single Family
2,559
Multi-Family
0
Businesses
195
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brian Craft • Warren Agency
Mls Name: IRMLS
Mls Provider:
Mls ID: #202517237
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.