9029 N State Road 3SpringportIN47386
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayGlobal investors willing to prioritise equity over near-term yield will find 9029 N State Road 3, Springport, IN, 47386 in Springport worth study. Rental yield 1.29%. The 1.29% gross yield is below cash-flow benchmarks at $1,375,000, but 5% annual appreciation, adding $379,887 over five years, frames this as a capital growth position. Rent of $1,474/mo partially offsets the $6,183/mo payment. Ziffy Mortgage finances appreciation-play properties (0.24 DSCR) for non-U.S. residents without domestic income documentation; a 30–35% down payment maximises coverage. Total projected return: $84,002.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 1.3% | 7.0% |
| Monthly Cash Flow | $(6,780) | $200 |
City averages based on Springport market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,474 |
| Total Monthly Debt Service | $7,707 |
| DSCR Ratio | 0.19x |
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 N/A
85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47386, Springport, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 527 (100%) |
| Owner Occupied HU | 450 (85.4%) |
| Renter Occupied HU | 39 ( 7.4%) |
| Vacant Housing Units | 38 ( 7.2%) |
| Median Home Value | $220,455 |
| Average Home Value | $306,517 |
Housing Distribution
Address Breakdown
Residential
441
Single Family
441
Multi-Family
0
Businesses
9
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 N/A
85 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47386, Springport, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 527 (100%) |
| Owner Occupied HU | 450 (85.4%) |
| Renter Occupied HU | 39 ( 7.4%) |
| Vacant Housing Units | 38 ( 7.2%) |
| Median Home Value | $220,455 |
| Average Home Value | $306,517 |
Housing Distribution
Address Breakdown
Residential
441
Single Family
441
Multi-Family
0
Businesses
9
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Nicholas George • Geswein Farm & Land Realty
Mls Name: My State MLS
Mls ID: #11341137