612 E Harding StOrleansIN47452
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeNot flashy, but dependably profitable, 612 E Harding St, Orleans, IN, 47452 in Orleans is listed at $169,900 and delivers $1,284/mo in rent and $264/mo in net monthly cash flow. The 9.07% yield and 1.68 DSCR provide the underwriting comfort Ziffy Mortgage needs to approve a DSCR loan without W-2 or tax-return documentation. Projected 5% annual appreciation adds $46,940 over five years, and $1,565/yr in principal reduction supplements cash return. Total projected cumulative return: $81,291.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 7.0% |
| Monthly Cash Flow | $264 | $200 |
City averages based on Orleans market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,284 |
| Total Monthly Debt Service | $952 |
| DSCR Ratio | 1.35x |
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 1979
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47452, Orleans, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,132 (100%) |
| Owner Occupied HU | 1,460 (68.5%) |
| Renter Occupied HU | 520 (24.4%) |
| Vacant Housing Units | 152 ( 7.1%) |
| Median Home Value | $190,169 |
| Average Home Value | $242,151 |
Housing Distribution
Address Breakdown
Residential
2,066
Single Family
2,062
Multi-Family
4
Businesses
122
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 1979
0.29 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47452, Orleans, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,132 (100%) |
| Owner Occupied HU | 1,460 (68.5%) |
| Renter Occupied HU | 520 (24.4%) |
| Vacant Housing Units | 152 ( 7.1%) |
| Median Home Value | $190,169 |
| Average Home Value | $242,151 |
Housing Distribution
Address Breakdown
Residential
2,066
Single Family
2,062
Multi-Family
4
Businesses
122
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices