605 S State StNorth LibertyIN46554
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew North Liberty rentals match the income profile of 605 S State St, North Liberty, IN, 46554. Listed at $170,000, gross rent is $1,718/mo and net cash flow is $637/mo, a 11.45% yield well above national averages. DSCR 2.25 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $46,968 by year five with $1,566/yr in annual principal reduction, projecting $109,248 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.5% | 6.0% |
| Monthly Cash Flow | $637 | $500 |
City averages based on North Liberty market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,718 |
| Total Monthly Debt Service | $953 |
| DSCR Ratio | 1.80x |
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 1954
1.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46554, North Liberty, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,789 (100%) |
| Owner Occupied HU | 1,418 (79.3%) |
| Renter Occupied HU | 269 (15.0%) |
| Vacant Housing Units | 102 ( 5.7%) |
| Median Home Value | $254,967 |
| Average Home Value | $298,828 |
Housing Distribution
Address Breakdown
Residential
1,334
Single Family
1,334
Multi-Family
0
Businesses
89
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 1954
1.24 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46554, North Liberty, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,789 (100%) |
| Owner Occupied HU | 1,418 (79.3%) |
| Renter Occupied HU | 269 (15.0%) |
| Vacant Housing Units | 102 ( 5.7%) |
| Median Home Value | $254,967 |
| Average Home Value | $298,828 |
Housing Distribution
Address Breakdown
Residential
1,334
Single Family
1,334
Multi-Family
0
Businesses
89
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Heidi G Fulbright • Berkshire Hathaway HomeServices Northern Indiana Real Estate
Mls Name: IRMLS
Mls ID: #202549229