7435 N 200 ERidgevilleIN47380
INVESTMENT ANALYSIS
Investment Verdict
Income-ProducingInvestors approaching the U.S. market with capital-preservation in mind will find 7435 N 200 E, Ridgeville, IN, 47380 in Ridgeville aligned with their strategy. Rental yield 6.51%. DSCR 1.21 and 6.51% yield provide a sound foundation. Ziffy Mortgage's DSCR program enables non-U.S. residents to acquire without domestic credit. Over five years, 5% appreciation and $2,210/yr in paydown build toward a projected cumulative return of $81,861.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 6.5% | 8.0% |
| Monthly Cash Flow | $(139) | $1,200 |
City averages based on Ridgeville market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,301 |
| Total Monthly Debt Service | $1,345 |
| DSCR Ratio | 0.97x |
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 2003
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47380, Ridgeville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 845 (100%) |
| Owner Occupied HU | 616 (72.9%) |
| Renter Occupied HU | 134 (15.9%) |
| Vacant Housing Units | 95 (11.2%) |
| Median Home Value | $121,023 |
| Average Home Value | $181,416 |
Housing Distribution
Address Breakdown
Residential
812
Single Family
812
Multi-Family
0
Businesses
33
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 2003
0.63 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47380, Ridgeville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 845 (100%) |
| Owner Occupied HU | 616 (72.9%) |
| Renter Occupied HU | 134 (15.9%) |
| Vacant Housing Units | 95 (11.2%) |
| Median Home Value | $121,023 |
| Average Home Value | $181,416 |
Housing Distribution
Address Breakdown
Residential
812
Single Family
812
Multi-Family
0
Businesses
33
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brody Tarter • RE/MAX Evolve
Mls Name: IRMLS
Mls ID: #202549742