602 Ohio StWalkertonIN46574
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 Walkerton at 602 Ohio St, Walkerton, IN, 46574 offers $1,685/mo rent that, after a $1,170/mo payment, leaves $250/mo cash flow. Total monthly income is $1,685/mo, and annual cash flow is $3,001/yr on $79,229 cash. Return on cash invested measures 23.7% in year one, and rental yield stands at 8.46% at a $239,000 entry. Equity gained on principal adds $1,542/yr while 5% annual appreciation compounds into $66,031 by year five. Five-year ROI records 122.97% and total cumulative return in cash reaches $97,428. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,685/mo property income versus a $1,170/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 1945
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46574, Walkerton, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,889 (100%) |
| Owner Occupied HU | 2,691 (69.2%) |
| Renter Occupied HU | 536 (13.8%) |
| Vacant Housing Units | 662 (17.0%) |
| Median Home Value | $220,317 |
| Average Home Value | $284,965 |
Housing Distribution
Address Breakdown
Residential
3,611
Single Family
3,611
Multi-Family
0
Businesses
163
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Listed by: Shawn Spaw • Stray Dog Properties, LLC
Mls Name: NIRA
Mls Provider:
Mls ID: #821243
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. 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.