618 W Cherry StBoonvilleIN47601
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Boonville rentals match the income profile of 618 W Cherry St, Boonville, IN, 47601. Listed at $116,000, gross rent is $1,303/mo and net cash flow is $607/mo, a 13.48% yield well above national averages. DSCR 2.50 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $32,049 by year five with $1,068/yr in annual principal reduction, projecting $82,947 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.5% | 7.0% |
| Monthly Cash Flow | $607 | $300 |
City averages based on Boonville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,303 |
| Total Monthly Debt Service | $650 |
| DSCR Ratio | 2.00x |
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 1900
1.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47601, Boonville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,063 (100%) |
| Owner Occupied HU | 4,644 (76.6%) |
| Renter Occupied HU | 1,004 (16.6%) |
| Vacant Housing Units | 415 ( 6.8%) |
| Median Home Value | $231,570 |
| Average Home Value | $282,098 |
Housing Distribution
Address Breakdown
Residential
5,853
Single Family
5,666
Multi-Family
187
Businesses
417
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 1900
1.06 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47601, Boonville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,063 (100%) |
| Owner Occupied HU | 4,644 (76.6%) |
| Renter Occupied HU | 1,004 (16.6%) |
| Vacant Housing Units | 415 ( 6.8%) |
| Median Home Value | $231,570 |
| Average Home Value | $282,098 |
Housing Distribution
Address Breakdown
Residential
5,853
Single Family
5,666
Multi-Family
187
Businesses
417
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices