104 N Walters StFort BranchIN47648
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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
Investment Highlights
Rental property for sale in Fort Branch at 104 N Walters St, Fort Branch, IN, 47648 offers $1,466/mo rent that, after a $1,028/mo payment, leaves $205/mo cash flow. Total monthly income is $1,466/mo, and annual cash flow is $2,463/yr on $69,615 cash. Return on cash invested measures 23.45% in year one, and rental yield stands at 8.38% at a $210,000 entry. Equity gained on principal adds $1,355/yr while 5% annual appreciation compounds into $58,019 by year five. Five-year ROI records 121.6% and total cumulative return in cash reaches $84,652. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,466/mo property income versus a $1,028/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47648, Fort Branch, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,975 (100%) |
| Owner Occupied HU | 1,350 (68.4%) |
| Renter Occupied HU | 444 (22.5%) |
| Vacant Housing Units | 181 ( 9.2%) |
| Median Home Value | $212,264 |
| Average Home Value | $245,778 |
Housing Distribution
Address Breakdown
Residential
1,987
Single Family
1,941
Multi-Family
46
Businesses
106
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Listed by: Tim D Mason • RE/MAX REVOLUTION
Mls Name: IRMLS
Mls ID: #202601025