601 E 21st StFerdinandIN47532
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayYield and appreciation often trade off, and at 601 E 21st St, Ferdinand, IN, 47532 in Ferdinand the bet is firmly on appreciation. Rental yield 0%. The 0% gross yield on a $254,700 price is below income-first thresholds, but 5%/yr value growth projects $70,369 in equity by year five. Ziffy Mortgage's non-U.S. DSCR mortgage (1.84) finances the acquisition on rental income alone. A larger down payment (30–35%) reduces monthly debt service and tightens the spread. Total projected cumulative return: $133,785.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 6.0% |
| Monthly Cash Flow | $0 | $300 |
City averages based on Ferdinand market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,110 |
| Total Monthly Debt Service | $1,428 |
| DSCR Ratio | 1.48x |
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 1972
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47532, Ferdinand, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,914 (100%) |
| Owner Occupied HU | 1,507 (78.7%) |
| Renter Occupied HU | 300 (15.7%) |
| Vacant Housing Units | 107 ( 5.6%) |
| Median Home Value | $278,564 |
| Average Home Value | $306,931 |
Housing Distribution
Address Breakdown
Residential
1,882
Single Family
1,882
Multi-Family
0
Businesses
164
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 1972
0.33 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47532, Ferdinand, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,914 (100%) |
| Owner Occupied HU | 1,507 (78.7%) |
| Renter Occupied HU | 300 (15.7%) |
| Vacant Housing Units | 107 ( 5.6%) |
| Median Home Value | $278,564 |
| Average Home Value | $306,931 |
Housing Distribution
Address Breakdown
Residential
1,882
Single Family
1,882
Multi-Family
0
Businesses
164
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brenda S Welsh • SELL4FREE-WELSH REALTY CORPORATION
Mls Name: IRMLS
Mls Provider:
Mls ID: #202518026
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.