7088 Phillips RdTennysonIN47637
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 7088 Phillips Rd, Tennyson, IN, 47637 in Tennyson. At $115,000 it earns $1,068/mo in rent and distributes $378/mo to the owner after the $517/mo payment, a consistent 11.14% yield. DSCR 2.07 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $31,772 in value; $1,059/yr in principal paydown compounds ownership stake. Total projected return: $67,847.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 11.1% | 7.0% |
| Monthly Cash Flow | $378 | $300 |
City averages based on Tennyson market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,068 |
| Total Monthly Debt Service | $645 |
| DSCR Ratio | 1.66x |
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.
Lot
Built in N/A
7.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47637, Tennyson, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 590 (100%) |
| Owner Occupied HU | 461 (78.1%) |
| Renter Occupied HU | 72 (12.2%) |
| Vacant Housing Units | 57 ( 9.7%) |
| Median Home Value | $239,912 |
| Average Home Value | $269,517 |
Housing Distribution
Address Breakdown
Residential
574
Single Family
574
Multi-Family
0
Businesses
16
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
Lot
Built in N/A
7.17 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47637, Tennyson, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 590 (100%) |
| Owner Occupied HU | 461 (78.1%) |
| Renter Occupied HU | 72 (12.2%) |
| Vacant Housing Units | 57 ( 9.7%) |
| Median Home Value | $239,912 |
| Average Home Value | $269,517 |
Housing Distribution
Address Breakdown
Residential
574
Single Family
574
Multi-Family
0
Businesses
16
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Melanie Quates • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202408531
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.