5292 W State Road 48FairbanksIN47849
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play5292 W State Road 48, Fairbanks, IN, 47849 in Fairbanks is priced for appreciation, not yield. Rental yield 3.91%. At $239,900 with a 3.91% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $66,280 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.69) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $43,911.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 3.9% | 6.0% |
| Monthly Cash Flow | $(659) | $200 |
City averages based on Fairbanks 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 | $781 |
| Total Monthly Debt Service | $1,403 |
| DSCR Ratio | 0.56x |
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 6.5% rate / 30-yr fixed, 25% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1900
2.80 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47849, Fairbanks, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 179 (100%) |
| Owner Occupied HU | 139 (77.7%) |
| Renter Occupied HU | 23 (12.8%) |
| Vacant Housing Units | 17 ( 9.5%) |
| Median Home Value | $169,853 |
| Average Home Value | $209,029 |
Housing Distribution
Address Breakdown
Residential
167
Single Family
167
Multi-Family
0
Businesses
8
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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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