8718 N County Road 700 ETwelve MileIN46988
INVESTMENT ANALYSIS
Investment Verdict
Appreciation Play8718 N County Road 700 E, Twelve Mile, IN, 46988 in Twelve Mile is priced for appreciation, not yield. Rental yield 3.68%. At $850,000 with a 3.68% gross yield, the monthly income is modest, but 5% annual price growth is projected to add $234,839 in value over five years, making equity the primary return driver. Ziffy Mortgage's DSCR mortgage (0.68) can still finance this property for non-U.S. residents; a 30–35% down payment typically produces the cleanest underwriting for appreciation-focused assets. Total projected cumulative return: $161,110.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 3.7% | 6.2% |
| Monthly Cash Flow | $(2,495) | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
DSCR Rental Loan Qualification
Qualifies using the property's rental income, not your personal income.
- ✓No W-2, pay stubs, or tax returns needed
- ✓Rental income qualifies you
- ✓Built for real estate investors
| Monthly Rental Income | $2,608 |
| Total Monthly Debt Service | $4,764 |
| DSCR Ratio | 0.55x |
Ziffy Mortgage typically prefers a DSCR of 1.0+, but in some cases you may qualify with a DSCR below 1. To explore if this deal qualifies for an investment mortgage, 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 2022
2 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46988, Twelve Mile, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 359 (100%) |
| Owner Occupied HU | 281 (78.3%) |
| Renter Occupied HU | 51 (14.2%) |
| Vacant Housing Units | 27 ( 7.5%) |
| Median Home Value | $221,491 |
| Average Home Value | $266,486 |
Housing Distribution
Address Breakdown
Residential
279
Single Family
279
Multi-Family
0
Businesses
12
Nearby investment properties with comparable rents
- 3 Bed
- 3 Bath
- 1845 sft
- 4 Bed
- 3 Bath
- 2704 sft
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 2022
2 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46988, Twelve Mile, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 359 (100%) |
| Owner Occupied HU | 281 (78.3%) |
| Renter Occupied HU | 51 (14.2%) |
| Vacant Housing Units | 27 ( 7.5%) |
| Median Home Value | $221,491 |
| Average Home Value | $266,486 |
Housing Distribution
Address Breakdown
Residential
279
Single Family
279
Multi-Family
0
Businesses
12
Nearby investment properties with comparable rents
- 3 Bed
- 3 Bath
- 1845 sft
- 4 Bed
- 3 Bath
- 2704 sft
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: undefined
Mls ID: #N/A