8286 Wheeling PikeJonesboroIN46938
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid, durable, and financeable, 8286 Wheeling Pike, Jonesboro, IN, 46938 in Jonesboro earns a 9.35% gross yield at $175,000. Rent of $1,363/mo nets $313/mo after the $787/mo mortgage. The 1.73 DSCR signals clean DSCR underwriting through Ziffy Mortgage, with no personal income verification required. Five-year value growth of $48,349 and $1,612/yr in equity accumulation project a total cumulative return of $86,373.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.4% | 8.0% |
| Monthly Cash Flow | $313 | $150 |
City averages based on Jonesboro market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,363 |
| Total Monthly Debt Service | $981 |
| DSCR Ratio | 1.39x |
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
2.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46938, Jonesboro, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,196 (100%) |
| Owner Occupied HU | 904 (75.6%) |
| Renter Occupied HU | 182 (15.2%) |
| Vacant Housing Units | 110 ( 9.2%) |
| Median Home Value | $133,036 |
| Average Home Value | $179,433 |
Housing Distribution
Address Breakdown
Residential
1,209
Single Family
1,209
Multi-Family
0
Businesses
28
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
2.05 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46938, Jonesboro, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,196 (100%) |
| Owner Occupied HU | 904 (75.6%) |
| Renter Occupied HU | 182 (15.2%) |
| Vacant Housing Units | 110 ( 9.2%) |
| Median Home Value | $133,036 |
| Average Home Value | $179,433 |
Housing Distribution
Address Breakdown
Residential
1,209
Single Family
1,209
Multi-Family
0
Businesses
28
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Drew Moser • Nicholson Realty 2.0 LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202439828
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.