602 W 10th StRushvilleIN46173
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 602 W 10th St, Rushville, IN, 46173 in Rushville speaks for itself: 10.62% gross on a $189,900 price, generating $1,680/mo in rent and $540/mo in net income after the $854/mo debt service. DSCR 1.97, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $6,481 stacks alongside $52,466 in projected five-year appreciation and $1,749/yr in principal reduction. Projected total cumulative return: $106,638.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 6.5% |
| Monthly Cash Flow | $540 | $350 |
City averages based on Rushville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,680 |
| Total Monthly Debt Service | $1,064 |
| DSCR Ratio | 1.58x |
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.
Multi Family
Built in 1900
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46173, Rushville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,722 (100%) |
| Owner Occupied HU | 2,930 (62.0%) |
| Renter Occupied HU | 1,336 (28.3%) |
| Vacant Housing Units | 456 ( 9.7%) |
| Median Home Value | $171,163 |
| Average Home Value | $232,025 |
Housing Distribution
Address Breakdown
Residential
4,494
Single Family
4,390
Multi-Family
104
Businesses
440
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
Multi Family
Built in 1900
0.30 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46173, Rushville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,722 (100%) |
| Owner Occupied HU | 2,930 (62.0%) |
| Renter Occupied HU | 1,336 (28.3%) |
| Vacant Housing Units | 456 ( 9.7%) |
| Median Home Value | $171,163 |
| Average Home Value | $232,025 |
Housing Distribution
Address Breakdown
Residential
4,494
Single Family
4,390
Multi-Family
104
Businesses
440
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices