70 Fairview DrBicknellIN47512
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 0.8% gross rental yield, 70 Fairview Dr, Bicknell, IN, 47512 in Bicknell is priced for capital growth, not immediate cash flow. The $1,750,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $483,493 by year five, with $16,118/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.15) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $61,390.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0.8% | 6.0% |
| Monthly Cash Flow | $(9,336) | $500 |
City averages based on Bicknell market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,169 |
| Total Monthly Debt Service | $9,809 |
| DSCR Ratio | 0.12x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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.
Multi Family
Built in 1977
1.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47512, Bicknell, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,031 (100%) |
| Owner Occupied HU | 1,175 (57.9%) |
| Renter Occupied HU | 504 (24.8%) |
| Vacant Housing Units | 352 (17.3%) |
| Median Home Value | $96,475 |
| Average Home Value | $144,134 |
Housing Distribution
Address Breakdown
Residential
1,577
Single Family
1,562
Multi-Family
15
Businesses
89
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
Multi Family
Built in 1977
1.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47512, Bicknell, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,031 (100%) |
| Owner Occupied HU | 1,175 (57.9%) |
| Renter Occupied HU | 504 (24.8%) |
| Vacant Housing Units | 352 (17.3%) |
| Median Home Value | $96,475 |
| Average Home Value | $144,134 |
Housing Distribution
Address Breakdown
Residential
1,577
Single Family
1,562
Multi-Family
15
Businesses
89
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Michelle Sebastian • Re/Max Allstars
Mls Name: IRMLS
Mls Provider:
Mls ID: #202425050
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.