605 E Jackson StMulberryIN46058
INVESTMENT ANALYSIS
Investment Verdict
Solid Income605 E Jackson St, Mulberry, IN, 46058 in Mulberry is a solid income-producing rental, 8.61% gross yield, $1,578/mo rent, $257/mo net cash flow on a $220,000 buy. DSCR 1.60 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $60,782 and $2,026/yr in principal reduction project a total cumulative return of $99,866.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 6.0% |
| Monthly Cash Flow | $257 | $300 |
City averages based on Mulberry market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,578 |
| Total Monthly Debt Service | $1,233 |
| DSCR Ratio | 1.28x |
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 1996
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46058, Mulberry, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 900 (100%) |
| Owner Occupied HU | 669 (74.3%) |
| Renter Occupied HU | 139 (15.4%) |
| Vacant Housing Units | 92 (10.2%) |
| Median Home Value | $241,164 |
| Average Home Value | $344,062 |
Housing Distribution
Address Breakdown
Residential
517
Single Family
489
Multi-Family
28
Businesses
34
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 1996
0.26 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46058, Mulberry, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 900 (100%) |
| Owner Occupied HU | 669 (74.3%) |
| Renter Occupied HU | 139 (15.4%) |
| Vacant Housing Units | 92 (10.2%) |
| Median Home Value | $241,164 |
| Average Home Value | $344,062 |
Housing Distribution
Address Breakdown
Residential
517
Single Family
489
Multi-Family
28
Businesses
34
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices