7426 County Road 56Saint JoeIN46785
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 5.09% gross rental yield, 7426 County Road 56, Saint Joe, IN, 46785 in Saint Joe is priced for capital growth, not immediate cash flow. The $670,000 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $185,109 by year five, with $6,171/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.94) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $177,651.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 5.1% | 6.0% |
| Monthly Cash Flow | $(1,179) | $300 |
City averages based on Saint Joe market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,843 |
| Total Monthly Debt Service | $3,755 |
| DSCR Ratio | 0.76x |
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.
Single Family
Built in 1995
15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46785, Saint Joe, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 542 (100%) |
| Owner Occupied HU | 421 (77.7%) |
| Renter Occupied HU | 73 (13.5%) |
| Vacant Housing Units | 48 ( 8.9%) |
| Median Home Value | $240,116 |
| Average Home Value | $274,994 |
Housing Distribution
Address Breakdown
Residential
524
Single Family
524
Multi-Family
0
Businesses
26
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 1995
15 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46785, Saint Joe, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 542 (100%) |
| Owner Occupied HU | 421 (77.7%) |
| Renter Occupied HU | 73 (13.5%) |
| Vacant Housing Units | 48 ( 8.9%) |
| Median Home Value | $240,116 |
| Average Home Value | $274,994 |
Housing Distribution
Address Breakdown
Residential
524
Single Family
524
Multi-Family
0
Businesses
26
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices