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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Walkerton at 304 Hickory St, Walkerton, IN, 46574 offers $1,942/mo rent that, after a $979/mo payment, leaves $741/mo cash flow. Total monthly income is $1,942/mo, and annual cash flow is $8,896/yr on $66,300 cash. Return on cash invested measures 33.33% in year one, and rental yield stands at 11.65% at a $200,000 entry. Equity gained on principal adds $1,291/yr while 5% annual appreciation compounds into $55,256 by year five. Five-year ROI records 174.58% and total cumulative return in cash reaches $115,748. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,942/mo property income versus a $979/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1950
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46574, Walkerton, IN area.
| 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 |
Residential
3,611
Single Family
3,611
Multi-Family
0
Businesses
163
Date | Event | Price |
|---|---|---|
| 2025-04-11 | Sold | $200,000 |
| 2025-03-13 | Pending sale | $209,900 |
| 2025-03-06 | Price change | $209,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-31 | $1478.00 | N/A | $177,800 | 19.33% |
| 2023-10-31 | $1478.00 | 15.38% | $149,000 | N/A |
| 2022-10-31 | $1281.00 | 19.72% | $149,000 | 15.33% |
Listed by: Rhonda Hurford • Collins & Company Realtors, Koontz Lake
Mls Name: IRMLS
Mls Provider:
Mls ID: #202503789
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.
