504 E Walnut St, Boonville, IN, 47601 | $617/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

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504 E Walnut St, Boonville, IN, 47601 | $617/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

Investment property for sale in Boonville at 504 E Walnut St, Boonville, IN, 47601 earns $617/mo cash flow from $1,998/mo rent with a $1,126/mo payment. Total monthly income totals $1,998/mo, and annual cash flow totals $7,405/yr on $76,245 capital. ROI tracks 29.62% on current figures, and rental yield reads 10.42% at a $230,000 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,545 over five years. Five-year ROI reaches 154.74% and total cumulative return in cash sums $117,979. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,998/mo property income instead of your personal income.

Single Family

Built in 1880

0.48 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome home to a wonderful older residence, thoughtfully remodeled to maintain the charm and character of an 1880 farmhouse while offering a unique, inviting ambiance. Meticulously maintained, this home features large open rooms, including an inviting living room that leads to a spacious dining area adjacent to a showcase kitchen. The kitchen boasts hickory cabinetry, butcher-block countertops, stainless steel appliances, a 5-burner gas range with convection oven, commercial grade overhead exhaust and a generous island with seating for four or more and a power tower. Completing the main level is the owners suite, featuring double walk-in closets and convenient access to an adjacent bath. The main floor also offers a spacious laundry/office area for added functionality. Ascending the stairs, youll find two additional bedrooms, a bonus area, and a full bath. Outdoor features include a wraparound covered front porch, an open deck, ample off-street parking, and a large two and a half detached garageall situated on two city lots and fully enclosed with chain-link fencing.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47601, Boonville, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	6,063 (100%)
Owner Occupied HU	4,644 (76.6%)
Renter Occupied HU	1,004 (16.6%)
Vacant Housing Units	415 ( 6.8%)
Median Home Value	$231,570
Average Home Value	$282,098