118 S Walnut StRidgevilleIN47380
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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 Ridgeville at 118 S Walnut St, Ridgeville, IN, 47380 offers a 12.91% rental yield on a $115,000 purchase with $1,237/mo rent. Total monthly income registers $1,237/mo, and a $563/mo payment leaves $547/mo available for distribution. Annual cash flow reaches $6,558/yr on $38,123 to close, and return on cash invested stands at 37.11% in year one. Equity gained on principal adds $742/yr while 5% annual appreciation supports $31,772 over five years. Portfolio math shows five-year ROI at 194.87% and total cumulative return in cash at $74,289. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,237/mo property income against a $563/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Multi Family
Built in 1909
5,662 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47380, Ridgeville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 845 (100%) |
| Owner Occupied HU | 616 (72.9%) |
| Renter Occupied HU | 134 (15.9%) |
| Vacant Housing Units | 95 (11.2%) |
| Median Home Value | $121,023 |
| Average Home Value | $181,416 |
Housing Distribution
Address Breakdown
Residential
812
Single Family
812
Multi-Family
0
Businesses
33
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Listed by: Jill Friend • Tarter Realty, Auction & Appraisals Co
Mls Name: RLMS
Mls ID: #10051821