204 W Walnut StPiercetonIN46562
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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 Pierceton at 204 W Walnut St, Pierceton, IN, 46562 priced at $163,000 pairs $1,600/mo rent with $621/mo cash flow after a $798/mo payment. Total monthly income equals $1,600/mo, and annual cash flow comes to $7,456/yr on $54,035 invested. Return on cash invested is 33.71% in year one, and rental yield stands at 11.78% on a $163,000 basis. Equity gained on principal adds $1,052/yr, and 5% annual appreciation accumulates to $45,034 by year five. Five-year ROI measures 176.66% and total cumulative return in cash reaches $95,455. For financing, Ziffy Mortgage’s DSCR program evaluates $1,600/mo property income against a $798/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1900
8,276 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46562, Pierceton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,003 (100%) |
| Owner Occupied HU | 1,411 (70.4%) |
| Renter Occupied HU | 315 (15.7%) |
| Vacant Housing Units | 277 (13.8%) |
| Median Home Value | $253,507 |
| Average Home Value | $290,512 |
Housing Distribution
Address Breakdown
Residential
1,844
Single Family
1,844
Multi-Family
0
Businesses
116
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Listed by: Tara Lochmandy • Cressy & Everett- Goshen
Mls Name: IRMLS
Mls Provider:
Mls ID: #202514512
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.