501 W Walnut StPiercetonIN46562
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 Pierceton at 501 W Walnut St, Pierceton, IN, 46562 offers $1,583/mo rent that, after a $1,292/mo payment. Total monthly income is $1,583/mo. Return on cash invested measures 19.89% in year one, and rental yield stands at 7.2% at a $264,000 entry. Equity gained on principal adds $1,704/yr while 5% annual appreciation compounds into $72,938 by year five. Five-year ROI records 102.51% and total cumulative return in cash reaches $89,713. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,583/mo property income versus a $1,292/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1972
0.39 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46562, Pierceton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 2,003 (100%) |
| Owner Occupied HU | 1,411 (70.4%) |
| Renter Occupied HU | 315 (15.7%) |
| Vacant Housing Units | 277 (13.8%) |
| Median Home Value | $253,507 |
| Average Home Value | $290,512 |
Housing Distribution
Address Breakdown
Residential
1,844
Single Family
1,844
Multi-Family
0
Businesses
116
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Dave Blackwell • Blackwell Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202515100
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.