9626 S Werner RdCross PlainsIN47017
INVESTMENT ANALYSIS
Investment Verdict
Appreciation PlayAt a 4.12% gross rental yield, 9626 S Werner Rd, Cross Plains, IN, 47017 in Cross Plains is priced for capital growth, not immediate cash flow. The $355,900 purchase reflects market confidence in future value: at 5%/yr, the property is forecast to gain $98,329 by year five, with $3,278/yr in additional equity from loan paydown. Ziffy Mortgage's DSCR mortgage (0.76) qualifies for non-U.S. residents without personal income documents. Total five-year projected cumulative return: $75,924.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 4.1% | 6.0% |
| Monthly Cash Flow | $(914) | $5,000 |
City averages based on Cross Plains 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 | $1,223 |
| Total Monthly Debt Service | $1,995 |
| DSCR Ratio | 0.61x |
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 1998
10.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47017, Cross Plains, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 287 (100%) |
| Owner Occupied HU | 225 (78.4%) |
| Renter Occupied HU | 33 (11.5%) |
| Vacant Housing Units | 29 (10.1%) |
| Median Home Value | $228,214 |
| Average Home Value | $242,067 |
Housing Distribution
Address Breakdown
Residential
242
Single Family
242
Multi-Family
0
Businesses
11
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 1998
10.34 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47017, Cross Plains, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 287 (100%) |
| Owner Occupied HU | 225 (78.4%) |
| Renter Occupied HU | 33 (11.5%) |
| Vacant Housing Units | 29 (10.1%) |
| Median Home Value | $228,214 |
| Average Home Value | $242,067 |
Housing Distribution
Address Breakdown
Residential
242
Single Family
242
Multi-Family
0
Businesses
11
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • N/A
Mls Name: MLS of Southeastern Indiana
Mls ID: #207759