307 S Walnut St, Rising Sun, IN, 47040 | $236/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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307 S Walnut St, Rising Sun, IN, 47040 | $236/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Rising Sun at 307 S Walnut St, Rising Sun, IN, 47040 offers $1,466/mo rent that, after a $1,003/mo payment, leaves $236/mo cash flow. Total monthly income is $1,466/mo, and annual cash flow is $2,829/yr on $67,958 cash. Return on cash invested measures 24.07% in year one, and rental yield stands at 8.58% at a $205,000 entry. Equity gained on principal adds $1,323/yr while 5% annual appreciation compounds into $56,638 by year five. Five-year ROI records 124.9% and total cumulative return in cash reaches $84,882. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,466/mo property income versus a $1,003/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1887

0.41 Acres lot

$N/A/sqft

No HOA

More details about the property

Your chance to own a piece of Rising Sun history begins here for this 3-bedroom, 2-full-bath, 2,560 sq. ft. Queen Anne loaded with character, including original hardwood floors, pocket doors leading to the Parlor room, and original marble on one of the two fireplaces. Sitting on an extra-large in-town lot with an additional parcel for an expansive yard, and possibilities. Located just steps from the skate park and part of the historic Whitlock family block, it neighbors the J.W. Whitlock residence Whitlock being the well-known Rising Sun manufacturer and inventor. Major updates include a newer furnace and HVAC system (less than 2 years old). If you're looking to update a vintage home bursting with charm, this is your gem. Sold AS IS, WHERE IS. Cash or Conventional financing only.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47040, Rising Sun, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	2,432 (100%)
Owner Occupied HU	1,598 (65.7%)
Renter Occupied HU	576 (23.7%)
Vacant Housing Units	258 (10.6%)
Median Home Value	$199,459
Average Home Value	$255,566