1112 W Walnut StSummitvilleIN46070
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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
Investment property for sale in Summitville at 1112 W Walnut St, Summitville, IN, 46070 with 5% annual appreciation on a $245,000 basis while $1,921/mo rent supports operations. Total monthly income totals $1,921/mo and a $1,199/mo payment preserves $450/mo for cash returns. Annual cash flow comes to $5,406/yr on $81,218 deployed, and return on cash invested reaches 26.56% in year one. Equity gained on principal adds $1,581/yr, and five-year appreciation sums $67,689 alongside rental yield of 9.41%. Five-year ROI measures 138.31% and total cumulative return in cash totals $112,332.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,921/mo property income versus a $1,199/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1979
6.12 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 46070, Summitville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 985 (100%) |
| Owner Occupied HU | 764 (77.6%) |
| Renter Occupied HU | 147 (14.9%) |
| Vacant Housing Units | 74 ( 7.5%) |
| Median Home Value | $195,982 |
| Average Home Value | $197,592 |
Housing Distribution
Address Breakdown
Residential
722
Single Family
722
Multi-Family
0
Businesses
24
Price History
Date | Event | Price |
|---|---|---|
| 2025-09-08 | Sold | $245,000 |
| 2025-07-31 | Price change | $250,000 |
| 2025-05-30 | Price change | $295,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-16 | $846.68 | 19.10% | $147,500 | 9.26% |
| 2023-10-16 | $710.92 | 3.81% | $135,000 | 1.50% |
| 2022-10-16 | $684.80 | 8.75% | $133,000 | 6.40% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1979
- Architectural Style: Bungalow
- Building Area: 1,755
- Living Area: 1,755 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Natural Gas, Forced Air
- Cooling: Central Air
- Flooring: N/A
- Interior Features: N/A
- Exterior Features: N/A
- Parking Features: Attached
Location
- City: Summitville
- State: IN
- Subdivision: None
- Lot Size: 6.12 Acres
- Lot Features: 6-9.999
- View: N/A
HOA & Fees
- HOA Fee: N/A
- Association Fee: N/A
- Fees & Dues: N/A
- Association Amenities: N/A
- Association Fee Includes: N/A
Utilities
- Utilities: N/A
- Sewer: City
- Water Source: City
- Road Surface Type: N/A
School Information
- Elementary School: Summitville
- Middle School: Madison Grant
- High School: Madison Grant
Listed by: Kayla Poling • F.C. Tucker Realty Center
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516218
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.