6497 S 500 WModocIN47358
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeReliable, bankable, and well-priced, 6497 S 500 W, Modoc, IN, 47358 in Modoc delivers $901/mo in gross rent and $211/mo in net monthly income at a $114,900 entry. The 9.41% yield and 1.74 DSCR make it a clean candidate for Ziffy Mortgage's DSCR loan; no W-2s or U.S. credit history required. With 5% annual appreciation projecting $31,745 over five years and $1,058/yr in equity from loan paydown, total projected return is $57,074.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 12.0% |
| Monthly Cash Flow | $211 | $800 |
City averages based on Modoc market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $901 |
| Total Monthly Debt Service | $644 |
| DSCR Ratio | 1.40x |
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
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47358, Modoc, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 402 (100%) |
| Owner Occupied HU | 296 (73.6%) |
| Renter Occupied HU | 60 (14.9%) |
| Vacant Housing Units | 46 (11.4%) |
| Median Home Value | $203,125 |
| Average Home Value | $242,373 |
Housing Distribution
Address Breakdown
Residential
314
Single Family
314
Multi-Family
0
Businesses
18
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
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47358, Modoc, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 402 (100%) |
| Owner Occupied HU | 296 (73.6%) |
| Renter Occupied HU | 60 (14.9%) |
| Vacant Housing Units | 46 (11.4%) |
| Median Home Value | $203,125 |
| Average Home Value | $242,373 |
Housing Distribution
Address Breakdown
Residential
314
Single Family
314
Multi-Family
0
Businesses
18
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices