4201 Highway 150 NEPalmyraIN47164
INVESTMENT ANALYSIS
Investment Verdict
Steady Equity BuilderTight but positive: 4201 Highway 150 NE, Palmyra, IN, 47164 in Palmyra at $299,999 earns $1,981/mo in rent and nets $180/mo after the $1,349/mo payment, a 7.92% yield with limited short-term income headroom. The equity story offsets the thin monthly spread: 5% annual appreciation adds $82,884 over five years. Ziffy Mortgage underwrites this on a 1.47 DSCR without U.S. credit history. With $2,763/yr in principal paydown, total projected return reaches $125,116.
| This Property | National Avg | |
|---|---|---|
| Gross Rental Yield | 7.9% | 6.2% |
| Monthly Cash Flow | $180 | $180 |
National averages based on 2024–2025 U.S. residential rental market data. Content is user-generated and unverified.
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 | $1,981 |
| Total Monthly Debt Service | $1,681 |
| DSCR Ratio | 1.18x |
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 1925
1.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47164, Palmyra, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,602 (100%) |
| Owner Occupied HU | 1,200 (74.9%) |
| Renter Occupied HU | 292 (18.2%) |
| Vacant Housing Units | 110 ( 6.9%) |
| Median Home Value | $230,747 |
| Average Home Value | $244,842 |
Housing Distribution
Address Breakdown
Residential
1,490
Single Family
1,490
Multi-Family
0
Businesses
69
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 1925
1.13 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47164, Palmyra, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,602 (100%) |
| Owner Occupied HU | 1,200 (74.9%) |
| Renter Occupied HU | 292 (18.2%) |
| Vacant Housing Units | 110 ( 6.9%) |
| Median Home Value | $230,747 |
| Average Home Value | $244,842 |
Housing Distribution
Address Breakdown
Residential
1,490
Single Family
1,490
Multi-Family
0
Businesses
69
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Madalyn Greenwell • Keller Williams Realty Consultants
Mls Name: SIRA
Mls Provider:
Mls ID: #202507613
Disclaimer: IDX information is provided exclusively for consumers personal, noncommercial use, and it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing data is deemed reliable but is not guaranteed accurate by the SIRA MLS.