5681 S 500 EMorristownIN46161
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 5681 S 500 E, Morristown, IN, 46161 in Morristown deserves attention. This $175,000 property earns $1,624/mo in rent, a 11.13% gross yield, and nets $573/mo after the $787/mo payment. DSCR 2.06 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $48,349 compounds alongside $1,612/yr in yearly equity build, for a total cumulative return of $103,185.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 6.0% |
| Monthly Cash Flow | $573 | $300 |
City averages based on Morristown market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,624 |
| Total Monthly Debt Service | $981 |
| DSCR Ratio | 1.66x |
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 1900
3.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46161, Morristown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,042 (100%) |
| Owner Occupied HU | 724 (69.5%) |
| Renter Occupied HU | 229 (22.0%) |
| Vacant Housing Units | 89 ( 8.5%) |
| Median Home Value | $191,016 |
| Average Home Value | $211,274 |
Housing Distribution
Address Breakdown
Residential
650
Single Family
650
Multi-Family
0
Businesses
87
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
3.73 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46161, Morristown, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,042 (100%) |
| Owner Occupied HU | 724 (69.5%) |
| Renter Occupied HU | 229 (22.0%) |
| Vacant Housing Units | 89 ( 8.5%) |
| Median Home Value | $191,016 |
| Average Home Value | $211,274 |
Housing Distribution
Address Breakdown
Residential
650
Single Family
650
Multi-Family
0
Businesses
87
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Heather Large • Home Bound Real Estate LLC
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22065361