38 E Walnut StMontezumaIN47862
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 Montezuma at 38 E Walnut St, Montezuma, IN, 47862 offers $958/mo rent that, after a $587/mo payment, leaves $238/mo cash flow. Total monthly income is $958/mo, and annual cash flow is $2,856/yr on $39,780 cash. Return on cash invested measures 27.09% in year one, and rental yield stands at 9.58% at a $120,000 entry. Equity gained on principal adds $774/yr while 5% annual appreciation compounds into $33,154 by year five. Five-year ROI records 141.07% and total cumulative return in cash reaches $56,119. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $958/mo property income versus a $587/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1880
0.53 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47862, Montezuma, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 676 (100%) |
| Owner Occupied HU | 432 (63.9%) |
| Renter Occupied HU | 161 (23.8%) |
| Vacant Housing Units | 83 (12.3%) |
| Median Home Value | $105,556 |
| Average Home Value | $153,032 |
Housing Distribution
Address Breakdown
Residential
292
Single Family
292
Multi-Family
0
Businesses
38
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