20720 S Lake DrWalkertonIN46574
Nearby investment properties with comparable rents
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 Walkerton at 20720 S Lake Dr, Walkerton, IN, 46574 generates $1,260/mo in rent, after a $1,052/mo payment. Total monthly income is $1,260/mo. Return on cash invested sits at 19.4% in year one, and rental yield is 7.03% on a $215,000 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,401 over five years. Five-year ROI reaches 99.88% and total cumulative return in cash sums $71,185. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,260/mo property income rather than buyer’s personal income.
Single Family
Built in 1950
8,712 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices