5940 County Road 64SpencervilleIN46788
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 5940 County Road 64, Spencerville, IN, 46788 in Spencerville. At $375,000 it earns $2,566/mo in rent and distributes $315/mo to the owner after the $1,686/mo payment, a consistent 8.21% yield. DSCR 1.52 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $103,606 in value; $3,454/yr in principal paydown compounds ownership stake. Total projected return: $162,212.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 7.0% |
| Monthly Cash Flow | $315 | $300 |
City averages based on Spencerville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,566 |
| Total Monthly Debt Service | $2,102 |
| DSCR Ratio | 1.22x |
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 1995
1.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46788, Spencerville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,295 (100%) |
| Owner Occupied HU | 1,160 (89.6%) |
| Renter Occupied HU | 88 ( 6.8%) |
| Vacant Housing Units | 47 ( 3.6%) |
| Median Home Value | $357,944 |
| Average Home Value | $397,050 |
Housing Distribution
Address Breakdown
Residential
1,107
Single Family
1,107
Multi-Family
0
Businesses
32
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 1995
1.77 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46788, Spencerville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,295 (100%) |
| Owner Occupied HU | 1,160 (89.6%) |
| Renter Occupied HU | 88 ( 6.8%) |
| Vacant Housing Units | 47 ( 3.6%) |
| Median Home Value | $357,944 |
| Average Home Value | $397,050 |
Housing Distribution
Address Breakdown
Residential
1,107
Single Family
1,107
Multi-Family
0
Businesses
32
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mary Anne Taylor • North Eastern Group Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202435630
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.