6720 W 490 NOrlandIN46776
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowStrong cash flow defines 6720 W 490 N, Orland, IN, 46776 in Orland: $1,520/mo in rent, $561/mo net, 11.41% gross yield, all on a $159,900 acquisition. The 2.11 coverage ratio comfortably clears Ziffy Mortgage's threshold, enabling foreign-national buyers to close without U.S. credit documentation. Over five years, 5% appreciation adds $44,177 in value, and $1,473/yr in principal paydown steadily builds equity. Projected total cumulative return: $96,547.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.4% | 8.0% |
| Monthly Cash Flow | $561 | $250 |
City averages based on Orland market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,520 |
| Total Monthly Debt Service | $896 |
| DSCR Ratio | 1.70x |
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 1986
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46776, Orland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 857 (100%) |
| Owner Occupied HU | 553 (64.5%) |
| Renter Occupied HU | 106 (12.4%) |
| Vacant Housing Units | 198 (23.1%) |
| Median Home Value | $231,875 |
| Average Home Value | $242,052 |
Housing Distribution
Address Breakdown
Residential
534
Single Family
534
Multi-Family
0
Businesses
46
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 1986
0.47 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46776, Orland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 857 (100%) |
| Owner Occupied HU | 553 (64.5%) |
| Renter Occupied HU | 106 (12.4%) |
| Vacant Housing Units | 198 (23.1%) |
| Median Home Value | $231,875 |
| Average Home Value | $242,052 |
Housing Distribution
Address Breakdown
Residential
534
Single Family
534
Multi-Family
0
Businesses
46
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Heather Culler • Mike Thomas Associates
Mls Name: IRMLS
Mls Provider:
Mls ID: #202519834
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.