901 E 3rd StUnion MillsIN46382
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowFew Union Mills rentals match the income profile of 901 E 3rd St, Union Mills, IN, 46382. Listed at $229,900, gross rent is $1,969/mo and net cash flow is $589/mo, a 10.28% yield well above national averages. DSCR 1.90 means Ziffy Mortgage can approve your loan on the property's income alone, bypassing personal income verification. The 5% annual appreciation trend adds $63,517 by year five with $2,117/yr in annual principal reduction, projecting $124,909 in total cumulative return.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 10.3% | 6.0% |
| Monthly Cash Flow | $589 | $300 |
City averages based on Union Mills market data in our database. Property projections are estimates.
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 | $1,969 |
| Total Monthly Debt Service | $1,289 |
| DSCR Ratio | 1.53x |
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 1860
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46382, Union Mills, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 835 (100%) |
| Owner Occupied HU | 717 (85.9%) |
| Renter Occupied HU | 93 (11.1%) |
| Vacant Housing Units | 25 ( 3.0%) |
| Median Home Value | $284,633 |
| Average Home Value | $328,867 |
Housing Distribution
Address Breakdown
Residential
751
Single Family
751
Multi-Family
0
Businesses
24
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 1860
0.32 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46382, Union Mills, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 835 (100%) |
| Owner Occupied HU | 717 (85.9%) |
| Renter Occupied HU | 93 (11.1%) |
| Vacant Housing Units | 25 ( 3.0%) |
| Median Home Value | $284,633 |
| Average Home Value | $328,867 |
Housing Distribution
Address Breakdown
Residential
751
Single Family
751
Multi-Family
0
Businesses
24
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: NIRA as distributed by MLS GRID
Mls ID: #837709