518 Linden DrSpicelandIN47385
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe cash-flow margin at 518 Linden Dr, Spiceland, IN, 47385 in Spiceland is narrow, $11/mo net on $1,451/mo rent after the $1,137/mo debt service, but the property operates at break-even-plus, not a loss. At $239,900 with a 7.26% yield, the long-run equity case via 5% appreciation ($66,280 over five years) and $2,011/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.28 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $87,027.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.3% | 6.0% |
| Monthly Cash Flow | $11 | $300 |
City averages based on Spiceland market data in our database. Property projections are estimates.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $1,451 |
| Total Monthly Debt Service | $1,403 |
| DSCR Ratio | 1.03x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1955
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47385, Spiceland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 762 (100%) |
| Owner Occupied HU | 572 (75.1%) |
| Renter Occupied HU | 140 (18.4%) |
| Vacant Housing Units | 50 ( 6.6%) |
| Median Home Value | $212,626 |
| Average Home Value | $316,888 |
Housing Distribution
Address Breakdown
Residential
355
Single Family
355
Multi-Family
0
Businesses
40
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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
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