8812 W Red Ear RdEckertyIN47116
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeSolid fundamentals define the investment case at 8812 W Red Ear Rd, Eckerty, IN, 47116 in Eckerty: $2,353/mo in rent, $384/mo in net income, 8.61% gross yield, 1.60 DSCR, all at $328,000. Ziffy Mortgage's DSCR mortgage qualifies using the property's income alone, clearing approval without U.S. residency or credit. Five-year equity from $90,620 in appreciation and $3,021/yr in principal paydown projects total cumulative return of $148,843.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 8.6% | 7.2% |
| Monthly Cash Flow | $384 | $300 |
City averages based on Eckerty market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,353 |
| Total Monthly Debt Service | $1,838 |
| DSCR Ratio | 1.28x |
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 2012
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47116, Eckerty, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 625 (100%) |
| Owner Occupied HU | 327 (52.3%) |
| Renter Occupied HU | 61 ( 9.8%) |
| Vacant Housing Units | 237 (37.9%) |
| Median Home Value | $118,929 |
| Average Home Value | $146,361 |
Housing Distribution
Address Breakdown
Residential
360
Single Family
360
Multi-Family
0
Businesses
18
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 2012
0.36 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47116, Eckerty, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 625 (100%) |
| Owner Occupied HU | 327 (52.3%) |
| Renter Occupied HU | 61 ( 9.8%) |
| Vacant Housing Units | 237 (37.9%) |
| Median Home Value | $118,929 |
| Average Home Value | $146,361 |
Housing Distribution
Address Breakdown
Residential
360
Single Family
360
Multi-Family
0
Businesses
18
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices