8292 N 150 WLucerneIN46950
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderThe cash-flow margin at 8292 N 150 W, Lucerne, IN, 46950 in Lucerne is narrow, $74/mo net on $1,388/mo rent after the $985/mo debt service, but the property operates at break-even-plus, not a loss. At $219,000 with a 7.61% yield, the long-run equity case via 5% appreciation ($60,506 over five years) and $2,017/yr in principal paydown is where the returns accumulate. Ziffy Mortgage's 1.41 DSCR loan requires no W-2s or U.S. credit. Total projected cumulative return: $87,622.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 7.6% | 7.2% |
| Monthly Cash Flow | $74 | $300 |
City averages based on Lucerne market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,388 |
| Total Monthly Debt Service | $1,227 |
| DSCR Ratio | 1.13x |
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
5.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46950, Lucerne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 273 (100%) |
| Owner Occupied HU | 208 (76.2%) |
| Renter Occupied HU | 31 (11.4%) |
| Vacant Housing Units | 34 (12.5%) |
| Median Home Value | $191,346 |
| Average Home Value | $207,873 |
Housing Distribution
Address Breakdown
Residential
240
Single Family
240
Multi-Family
0
Businesses
7
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
5.18 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46950, Lucerne, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 273 (100%) |
| Owner Occupied HU | 208 (76.2%) |
| Renter Occupied HU | 31 (11.4%) |
| Vacant Housing Units | 34 (12.5%) |
| Median Home Value | $191,346 |
| Average Home Value | $207,873 |
Housing Distribution
Address Breakdown
Residential
240
Single Family
240
Multi-Family
0
Businesses
7
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Stephanie Helton • Rogers Auction & Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202532785
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.