404 N Gretchen St, Walton, IN, 46994 | $412/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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404 N Gretchen St, Walton, IN, 46994 | $412/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 Walton at 404 N Gretchen St, Walton, IN, 46994 offers $1,306/mo rent that, after a $729/mo payment, leaves $412/mo cash flow. Total monthly income is $1,306/mo, and annual cash flow is $4,944/yr on $49,360 cash. Return on cash invested measures 29.92% in year one, and rental yield stands at 10.53% at a $148,900 entry. Equity gained on principal adds $961/yr while 5% annual appreciation compounds into $41,138 by year five. Five-year ROI records 156.31% and total cumulative return in cash reaches $77,157. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,306/mo property income versus a $729/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.

Single Family

Built in 1955

8,712 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome to 404 N. Gretchen Street, located in the heart of Walton. This home offers a lovely brick exterior and newer metal roof along with a white vinyl picket fence, adding to its curb appeal. The spacious layout which spans over 1,900 finished square feet offers 2 bedrooms and 1 bathroom with ample space for a third bedroom. The heart of the home is the generous sized eat-in kitchen that includes all appliances. Enjoy room for entertaining in the formal living and dining rooms and over-sized family room. This property also includes an attached 1 car garage with space for a workshop and is plumbed for an additional bathroom. Don't miss out on the opportunity to own this home in a prime location.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46994, Walton, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,067 (100%)
Owner Occupied HU	781 (73.2%)
Renter Occupied HU	207 (19.4%)
Vacant Housing Units	79 ( 7.4%)
Median Home Value	$195,975
Average Home Value	$216,898