402 N Walnut St, Carthage, IN, 46115 | 4.88% Rental Yield

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402 N Walnut St, Carthage, IN, 46115 | 4.88% Rental Yield | 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

Investment property for sale in Carthage at 402 N Walnut St, Carthage, IN, 46115 earns from $671/mo rent with a $807/mo payment. Total monthly income totals $671/mo. ROI tracks 12.91% on current figures, and rental yield reads 4.88% at a $164,900 purchase. Equity gained on principal adds $1,064/yr, and 5% annual appreciation supports $45,559 over five years. Five-year ROI reaches 65.14% and total cumulative return in cash sums $35,608. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $671/mo property income instead of your personal income.

Single Family

Built in 1898

7,840 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully updated home that offers a fresh, clean, and modern look! The spacious kitchen is a dream, with plenty of counter space and storage--plus, all appliances including washer & dryer will remain for your convenience. The master suite, located on the main level, offers a tranquil retreat with a large garden tub and a separate tile shower. You'll also find a formal dining room and a half-bath on the main level for added ease and comfort. Upstairs, the second bedroom boasts a large closet, perfect for your storage needs. The high ceilings and large windows throughout the home allow natural light to pour in, creating a bright and inviting atmosphere. Step outside to enjoy the large deck, ideal for grilling or simply relaxing. The partially fenced yard includes a mini-barn for extra storage space for your tools, toys, or whatever you need. Don't miss the chance to make this move-in-ready beauty your own!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46115, Carthage, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	872 (100%)
Owner Occupied HU	641 (73.5%)
Renter Occupied HU	174 (20.0%)
Vacant Housing Units	57 ( 6.5%)
Median Home Value	$265,164
Average Home Value	$293,658