675 N Albert Eckert DrNorth WebsterIN46555
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 675 N Albert Eckert Dr, North Webster, IN, 46555 in North Webster speaks for itself: 10.13% gross on a $221,000 price, generating $1,865/mo in rent and $538/mo in net income after the $994/mo debt service. DSCR 1.88, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $6,458 stacks alongside $61,058 in projected five-year appreciation and $2,035/yr in principal reduction. Projected total cumulative return: $118,303.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.1% | 10.0% |
| Monthly Cash Flow | $538 | $400 |
City averages based on North Webster market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,865 |
| Total Monthly Debt Service | $1,239 |
| DSCR Ratio | 1.51x |
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 1984
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46555, North Webster, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,881 (100%) |
| Owner Occupied HU | 994 (52.8%) |
| Renter Occupied HU | 233 (12.4%) |
| Vacant Housing Units | 654 (34.8%) |
| Median Home Value | $276,596 |
| Average Home Value | $332,050 |
Housing Distribution
Address Breakdown
Residential
1,155
Single Family
1,155
Multi-Family
0
Businesses
186
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 1984
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46555, North Webster, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,881 (100%) |
| Owner Occupied HU | 994 (52.8%) |
| Renter Occupied HU | 233 (12.4%) |
| Vacant Housing Units | 654 (34.8%) |
| Median Home Value | $276,596 |
| Average Home Value | $332,050 |
Housing Distribution
Address Breakdown
Residential
1,155
Single Family
1,155
Multi-Family
0
Businesses
186
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A