8499 S State Hwy #71DanaIN47847
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play8499 S State Hwy #71, Dana, IN, 47847 in Dana is priced for appreciation, not yield. Rental yield 0%. At $299,000 with a 0% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $82,608 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.00) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 0% | 6.2% |
| Monthly Cash Flow | $0 | $350 |
City averages based on Dana market data in our database. Property projections are estimates.
Single Family
Built in 1959
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47847, Dana, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 494 (100%) |
| Owner Occupied HU | 349 (70.6%) |
| Renter Occupied HU | 70 (14.2%) |
| Vacant Housing Units | 75 (15.2%) |
| Median Home Value | $88,500 |
| Average Home Value | $125,201 |
Housing Distribution
Address Breakdown
Residential
245
Single Family
245
Multi-Family
0
Businesses
22
Nearby investment properties with comparable rents
No similar rental properties found nearby.
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 1959
1.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47847, Dana, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 494 (100%) |
| Owner Occupied HU | 349 (70.6%) |
| Renter Occupied HU | 70 (14.2%) |
| Vacant Housing Units | 75 (15.2%) |
| Median Home Value | $88,500 |
| Average Home Value | $125,201 |
Housing Distribution
Address Breakdown
Residential
245
Single Family
245
Multi-Family
0
Businesses
22
Nearby investment properties with comparable rents
No similar rental properties found nearby.
Nearby investment properties with comparable prices
Listed by: Kelli Pinkerton • Legacy Land & Homes of Indiana
Mls Name: IRMLS
Mls Provider:
Mls ID: #202608841
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.