801 Ohio StConverseIN46919
INVESTMENT ANALYSIS
Investment Verdict
Solid Income801 Ohio St, Converse, IN, 46919 in Converse is a solid income-producing rental, 8.2% gross yield, $1,967/mo rent, $230/mo net cash flow on a $287,976 buy. DSCR 1.52 qualifies the property for Ziffy Mortgage's financing without personal income documentation. Five-year appreciation of $79,562 and $2,652/yr in principal reduction project a total cumulative return of $123,820.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 8.2% | 6.2% |
| Monthly Cash Flow | $230 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Loan Qualification
| Monthly Rental Income | $1,967 |
| Total Monthly Debt Service | $1,622 |
| DSCR Ratio | 1.21x |
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 2023
9,583 sqft lot
$N/A/sqft
$97 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46919, Converse, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 961 (100%) |
| Owner Occupied HU | 676 (70.3%) |
| Renter Occupied HU | 185 (19.3%) |
| Vacant Housing Units | 100 (10.4%) |
| Median Home Value | $196,330 |
| Average Home Value | $273,295 |
Housing Distribution
Address Breakdown
Residential
577
Single Family
531
Multi-Family
46
Businesses
42
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 2023
9,583 sqft lot
$N/A/sqft
$97 annually HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46919, Converse, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 961 (100%) |
| Owner Occupied HU | 676 (70.3%) |
| Renter Occupied HU | 185 (19.3%) |
| Vacant Housing Units | 100 (10.4%) |
| Median Home Value | $196,330 |
| Average Home Value | $273,295 |
Housing Distribution
Address Breakdown
Residential
577
Single Family
531
Multi-Family
46
Businesses
42
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Brenda K Williams • CENTURY 21 Bradley Realty, Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202307254
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.