99 Plan, Lakeside Living MHCRensselaerIN47978
INVESTMENT ANALYSIS
Investment Verdict
Solid IncomeInvestors who value predictability will appreciate 99 Plan, Lakeside Living MHC, Rensselaer, IN, 47978 in Rensselaer. At $146,900 it earns $1,167/mo in rent and distributes $285/mo to the owner after the $661/mo payment, a consistent 9.53% yield. DSCR 1.77 clears Ziffy Mortgage's income-only underwriting standard. Over five years, 5% annual appreciation adds $40,586 in value; $1,353/yr in principal paydown compounds ownership stake. Total projected return: $73,954.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 9.5% | 6.0% |
| Monthly Cash Flow | $285 | $200 |
City averages based on Rensselaer market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $1,167 |
| Total Monthly Debt Service | $823 |
| DSCR Ratio | 1.42x |
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.
Manufactured
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47978, Rensselaer, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,710 (100%) |
| Owner Occupied HU | 3,173 (67.4%) |
| Renter Occupied HU | 1,190 (25.3%) |
| Vacant Housing Units | 347 ( 7.4%) |
| Median Home Value | $207,764 |
| Average Home Value | $254,811 |
Housing Distribution
Address Breakdown
Residential
4,454
Single Family
4,324
Multi-Family
130
Businesses
430
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
Manufactured
Built in 2024
N/A lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47978, Rensselaer, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 4,710 (100%) |
| Owner Occupied HU | 3,173 (67.4%) |
| Renter Occupied HU | 1,190 (25.3%) |
| Vacant Housing Units | 347 ( 7.4%) |
| Median Home Value | $207,764 |
| Average Home Value | $254,811 |
Housing Distribution
Address Breakdown
Residential
4,454
Single Family
4,324
Multi-Family
130
Businesses
430
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: N/A • Turnkey Communities
Mls Name: Turnkey Communities
Mls ID: #N/A