7019 W 400 SWestpointIN47992
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 7019 W 400 S, Westpoint, IN, 47992 in Westpoint. At $209,900 it earns $1,596/mo in rent and distributes $336/mo to the owner after the $944/mo payment, a consistent 9.12% yield. DSCR 1.69 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $57,992 in value; $1,933/yr in principal paydown compounds ownership stake. Total projected return: $101,074.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.1% | 8.0% |
| Monthly Cash Flow | $336 | $300 |
City averages based on Westpoint market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,596 |
| Total Monthly Debt Service | $1,176 |
| DSCR Ratio | 1.36x |
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 1955
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47992, Westpoint, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 615 (100%) |
| Owner Occupied HU | 527 (85.7%) |
| Renter Occupied HU | 52 ( 8.5%) |
| Vacant Housing Units | 36 ( 5.9%) |
| Median Home Value | $317,619 |
| Average Home Value | $537,571 |
Housing Distribution
Address Breakdown
Residential
502
Single Family
502
Multi-Family
0
Businesses
17
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 1955
0.59 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47992, Westpoint, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 615 (100%) |
| Owner Occupied HU | 527 (85.7%) |
| Renter Occupied HU | 52 ( 8.5%) |
| Vacant Housing Units | 36 ( 5.9%) |
| Median Home Value | $317,619 |
| Average Home Value | $537,571 |
Housing Distribution
Address Breakdown
Residential
502
Single Family
502
Multi-Family
0
Businesses
17
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Alex A Garcia • Trueblood Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511601
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.