706 E Oak StBoonvilleIN47601
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash Flow706 E Oak St, Boonville, IN, 47601 in Boonville earns its strong cash-flow label: 13.45% yield, $1,312/mo rent, $609/mo net income, DSCR 2.49. The $117,000 acquisition cost produces immediate returns that put this property in the top tier for U.S. income assets accessible via Ziffy Mortgage's rental-income underwriting. Long-term, 5% annual appreciation adds $32,325 by year five. Combined with $1,078/yr in principal paydown, total projected return reaches $83,552.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 13.5% | 7.0% |
| Monthly Cash Flow | $609 | $300 |
City averages based on Boonville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,312 |
| Total Monthly Debt Service | $656 |
| DSCR Ratio | 2.00x |
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 1920
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47601, Boonville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,063 (100%) |
| Owner Occupied HU | 4,644 (76.6%) |
| Renter Occupied HU | 1,004 (16.6%) |
| Vacant Housing Units | 415 ( 6.8%) |
| Median Home Value | $231,570 |
| Average Home Value | $282,098 |
Housing Distribution
Address Breakdown
Residential
5,853
Single Family
5,666
Multi-Family
187
Businesses
417
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 1920
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47601, Boonville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,063 (100%) |
| Owner Occupied HU | 4,644 (76.6%) |
| Renter Occupied HU | 1,004 (16.6%) |
| Vacant Housing Units | 415 ( 6.8%) |
| Median Home Value | $231,570 |
| Average Home Value | $282,098 |
Housing Distribution
Address Breakdown
Residential
5,853
Single Family
5,666
Multi-Family
187
Businesses
417
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Mindy C Woodward • KELLER WILLIAMS CAPITAL REALTY
Mls Name: IRMLS
Mls Provider:
Mls ID: #202438042
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.