660 E Bonebrake RdVeedersburgIN47987
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 660 E Bonebrake Rd, Veedersburg, IN, 47987 in Veedersburg earns a 9.06% gross yield at $352,000. Rent of $2,658/mo nets $545/mo after the $1,583/mo mortgage. The 1.68 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $97,251 and $3,242/yr in equity accumulation project a total cumulative return of $168,244.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 6.0% |
| Monthly Cash Flow | $545 | $200 |
City averages based on Veedersburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,658 |
| Total Monthly Debt Service | $1,973 |
| 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 1974
1.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47987, Veedersburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,768 (100%) |
| Owner Occupied HU | 1,275 (72.1%) |
| Renter Occupied HU | 347 (19.6%) |
| Vacant Housing Units | 146 ( 8.3%) |
| Median Home Value | $166,250 |
| Average Home Value | $196,373 |
Housing Distribution
Address Breakdown
Residential
1,598
Single Family
1,577
Multi-Family
21
Businesses
99
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 1974
1.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47987, Veedersburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,768 (100%) |
| Owner Occupied HU | 1,275 (72.1%) |
| Renter Occupied HU | 347 (19.6%) |
| Vacant Housing Units | 146 ( 8.3%) |
| Median Home Value | $166,250 |
| Average Home Value | $196,373 |
Housing Distribution
Address Breakdown
Residential
1,598
Single Family
1,577
Multi-Family
21
Businesses
99
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Audrey Keller • Bentley Real Estate
Mls Name: MIBOR as distributed by MLS GRID
Mls ID: #22080922