75 Ems T16 LnLeesburgIN46538
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity Builder75 Ems T16 Ln, Leesburg, IN, 46538 in Leesburg is a stable, well-positioned rental at $349,000. Rental yield 7.14%. DSCR 1.32 qualifies for Ziffy Mortgage's DSCR mortgage without U.S. income documentation. Over five years, 5% appreciation adds $96,422 in value and $3,214/yr in principal paydown builds equity, a total projected return of $130,958.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.1% | 6.2% |
| Monthly Cash Flow | $(18) | $250 |
City averages based on Leesburg market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,077 |
| Total Monthly Debt Service | $1,956 |
| DSCR Ratio | 1.06x |
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.
Manufactured
Built in 1988
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46538, Leesburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,792 (100%) |
| Owner Occupied HU | 1,512 (54.2%) |
| Renter Occupied HU | 205 ( 7.3%) |
| Vacant Housing Units | 1,075 (38.5%) |
| Median Home Value | $357,364 |
| Average Home Value | $431,500 |
Housing Distribution
Address Breakdown
Residential
2,050
Single Family
2,050
Multi-Family
0
Businesses
79
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
Manufactured
Built in 1988
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46538, Leesburg, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,792 (100%) |
| Owner Occupied HU | 1,512 (54.2%) |
| Renter Occupied HU | 205 ( 7.3%) |
| Vacant Housing Units | 1,075 (38.5%) |
| Median Home Value | $357,364 |
| Average Home Value | $431,500 |
Housing Distribution
Address Breakdown
Residential
2,050
Single Family
2,050
Multi-Family
0
Businesses
79
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Patrick J Pfefferkorn • RE/MAX Results- Warsaw
Mls Name: IRMLS
Mls Provider:
Mls ID: #202507803
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.