7993 E Walnut StreetLexingtonIN47138
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowThe yield at 7993 E Walnut Street, Lexington, IN, 47138 in Lexington speaks for itself: 10.56% gross on a $179,000 price, generating $1,576/mo in rent and $501/mo in net income after the $805/mo debt service. DSCR 1.96, a wide margin that supports Ziffy Mortgage's DSCR loan without any personal income check. Annual cash flow of $6,013 stacks alongside $49,454 in projected five-year appreciation and $1,649/yr in principal reduction. Projected total cumulative return: $99,999.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.6% | 6.5% |
| Monthly Cash Flow | $501 | $1,200 |
City averages based on Lexington market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,576 |
| Total Monthly Debt Service | $1,003 |
| DSCR Ratio | 1.57x |
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 1900
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47138, Lexington, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,831 (100%) |
| Owner Occupied HU | 1,399 (76.4%) |
| Renter Occupied HU | 246 (13.4%) |
| Vacant Housing Units | 186 (10.2%) |
| Median Home Value | $228,234 |
| Average Home Value | $260,795 |
Housing Distribution
Address Breakdown
Residential
1,935
Single Family
1,935
Multi-Family
0
Businesses
40
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 1900
0.41 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47138, Lexington, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,831 (100%) |
| Owner Occupied HU | 1,399 (76.4%) |
| Renter Occupied HU | 246 (13.4%) |
| Vacant Housing Units | 186 (10.2%) |
| Median Home Value | $228,234 |
| Average Home Value | $260,795 |
Housing Distribution
Address Breakdown
Residential
1,935
Single Family
1,935
Multi-Family
0
Businesses
40
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices