26 W Walnut StPonetoIN46781
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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 Poneto at 26 W Walnut St, Poneto, IN, 46781 listed at $215,000 pairs $1,804/mo rent with a $1,052/mo payment to leave $514/mo cash flow. Total monthly income runs $1,804/mo, and annual cash flow reaches $6,165/yr on $71,273 cash to close. Return on cash invested measures 28.56% in year one, and rental yield registers 10.07% at a $215,000 basis. Equity gained on principal adds $1,387/yr, and annual property appreciation at 5% supports $59,401 by year five. Five-year ROI tracks 148.97% and total cumulative return in cash totals $106,177. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,804/mo property income relative to a $1,052/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
0.81 Acres lot
$N/A/sqft
No HOA
More details about the property
Neighborhood Data
Neighborhood data shown for ZIP Code: 46781, Poneto, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 353 (100%) |
| Owner Occupied HU | 292 (82.7%) |
| Renter Occupied HU | 31 ( 8.8%) |
| Vacant Housing Units | 30 ( 8.5%) |
| Median Home Value | $218,293 |
| Average Home Value | $258,836 |
Housing Distribution
Address Breakdown
Residential
283
Single Family
283
Multi-Family
0
Businesses
13
Price History
Date | Event | Price |
|---|---|---|
| 2025-04-10 | Price change | $215,000 |
| 2025-04-03 | Listed for sale | $225,000 |
Tax History
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-16 | $473.20 | -17.79% | $170,800 | 42.21% |
| 2023-04-16 | $575.58 | 10.83% | $120,100 | -1.72% |
| 2022-04-16 | $519.32 | 195.81% | $122,200 | 8.91% |
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Facts & Features
General Information
- Type: SingleFamily
- Year Built: 1900
- Architectural Style: Traditional
- Building Area: 2,528
- Living Area: 2,024 sqft
- Property Condition: N/A
Features & Amenities
- Heating: Natural Gas, Forced Air, Propane Tank Owned
- Cooling: Central Air
- Flooring: Hardwood, Carpet, Tile
- Interior Features: Ceiling Fan(s), Stand Up Shower, Tub/Shower Combination
- Exterior Features: N/A
- Parking Features: Detached
Location
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: Well
- Road Surface Type: N/A
School Information
- Elementary School: Southern Wells
- Middle School: Southern Wells
- High School: Southern Wells
Listed by: Ronald W King • Heartland Auction & Realty,Inc
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511176
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.