1606 N Longshore DrWalkertonIN46574
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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 Walkerton at 1606 N Longshore Dr, Walkerton, IN, 46574 offers a 8.5% rental yield on a $229,900 purchase with $1,628/mo rent. Total monthly income registers $1,628/mo, and a $1,125/mo payment leaves $248/mo available for distribution. Annual cash flow reaches $2,978/yr on $76,212 to close, and return on cash invested stands at 23.82% in year one. Equity gained on principal adds $1,484/yr while 5% annual appreciation supports $63,517 over five years. Portfolio math shows five-year ROI at 123.6% and total cumulative return in cash at $94,199. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,628/mo property income against a $1,125/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46574, Walkerton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,889 (100%) |
| Owner Occupied HU | 2,691 (69.2%) |
| Renter Occupied HU | 536 (13.8%) |
| Vacant Housing Units | 662 (17.0%) |
| Median Home Value | $220,317 |
| Average Home Value | $284,965 |
Housing Distribution
Address Breakdown
Residential
3,611
Single Family
3,611
Multi-Family
0
Businesses
163
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