517 N Morgan StMentoneIN46539
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingReliable and efficiently structured, 517 N Morgan St, Mentone, IN, 46539 in Mentone is a conservative rental investment at $295,000. Rental yield 6.58%. A 1.22 coverage ratio meets Ziffy Mortgage's DSCR standard for foreign-national financing. Five-year equity: 5% appreciation adds $81,503; $2,717/yr in principal paydown supplements. Total projected return: $101,682.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.6% | 7.5% |
| Monthly Cash Flow | $(154) | $300 |
City averages based on Mentone market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,616 |
| Total Monthly Debt Service | $1,653 |
| DSCR Ratio | 0.98x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 1900
6.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46539, Mentone, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,014 (100%) |
| Owner Occupied HU | 711 (70.1%) |
| Renter Occupied HU | 184 (18.1%) |
| Vacant Housing Units | 119 (11.7%) |
| Median Home Value | $178,879 |
| Average Home Value | $248,822 |
Housing Distribution
Address Breakdown
Residential
738
Single Family
717
Multi-Family
21
Businesses
62
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 1900
6.85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46539, Mentone, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,014 (100%) |
| Owner Occupied HU | 711 (70.1%) |
| Renter Occupied HU | 184 (18.1%) |
| Vacant Housing Units | 119 (11.7%) |
| Median Home Value | $178,879 |
| Average Home Value | $248,822 |
Housing Distribution
Address Breakdown
Residential
738
Single Family
717
Multi-Family
21
Businesses
62
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Anna Gilsinger • RE/MAX Results- Warsaw
Mls Name: IRMLS
Mls Provider:
Mls ID: #202530041
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.