6146 Scotch Pine RdCanneltonIN47520
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 6146 Scotch Pine Rd, Cannelton, IN, 47520 in Cannelton at $169,500 earns $1,039/mo in rent and nets $22/mo after the $762/mo payment, a 7.36% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $46,830 over five years. Ziffy Mortgage underwrites this on a 1.36 DSCR without U.S. credit history. With $1,561/yr in principal paydown, total projected return reaches $65,571.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.4% | 8.0% |
| Monthly Cash Flow | $22 | $1,200 |
City averages based on Cannelton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,039 |
| Total Monthly Debt Service | $950 |
| DSCR Ratio | 1.09x |
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.
Manufactured
Built in 1997
4.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47520, Cannelton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,558 (100%) |
| Owner Occupied HU | 934 (59.9%) |
| Renter Occupied HU | 387 (24.8%) |
| Vacant Housing Units | 237 (15.2%) |
| Median Home Value | $218,750 |
| Average Home Value | $251,004 |
Housing Distribution
Address Breakdown
Residential
1,481
Single Family
1,319
Multi-Family
162
Businesses
65
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
Manufactured
Built in 1997
4.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47520, Cannelton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,558 (100%) |
| Owner Occupied HU | 934 (59.9%) |
| Renter Occupied HU | 387 (24.8%) |
| Vacant Housing Units | 237 (15.2%) |
| Median Home Value | $218,750 |
| Average Home Value | $251,004 |
Housing Distribution
Address Breakdown
Residential
1,481
Single Family
1,319
Multi-Family
162
Businesses
65
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices