806 Smith AveOoliticIN47451
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowInvestors who value predictability will appreciate 806 Smith Ave, Oolitic, IN, 47451 in Oolitic. At $129,900 it earns $1,116/mo in rent and distributes $336/mo to the owner after the $584/mo payment, a consistent 10.31% yield. DSCR 1.91 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $35,889 in value; $1,196/yr in principal paydown compounds ownership stake. Total projected return: $70,844.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 6.0% |
| Monthly Cash Flow | $336 | $500 |
City averages based on Oolitic market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,116 |
| Total Monthly Debt Service | $728 |
| DSCR Ratio | 1.53x |
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 1955
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47451, Oolitic, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 586 (100%) |
| Owner Occupied HU | 384 (65.5%) |
| Renter Occupied HU | 137 (23.4%) |
| Vacant Housing Units | 65 (11.1%) |
| Median Home Value | $165,833 |
| Average Home Value | $195,488 |
Housing Distribution
Address Breakdown
Residential
453
Single Family
453
Multi-Family
0
Businesses
35
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 1955
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47451, Oolitic, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 586 (100%) |
| Owner Occupied HU | 384 (65.5%) |
| Renter Occupied HU | 137 (23.4%) |
| Vacant Housing Units | 65 (11.1%) |
| Median Home Value | $165,833 |
| Average Home Value | $195,488 |
Housing Distribution
Address Breakdown
Residential
453
Single Family
453
Multi-Family
0
Businesses
35
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Karen A Goodwine • Williams Carpenter Realtors
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516874
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.