613 E Walnut StreetCrothersvilleIN47229
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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 Crothersville at 613 E Walnut Street, Crothersville, IN, 47229 offers $1,534/mo rent that, after a $978/mo payment, leaves $334/mo cash flow. Total monthly income is $1,534/mo, and annual cash flow is $4,013/yr on $66,267 cash. Return on cash invested measures 25.97% in year one, and rental yield stands at 9.21% at a $199,900 entry. Equity gained on principal adds $1,290/yr while 5% annual appreciation compounds into $55,229 by year five. Five-year ROI records 135.11% and total cumulative return in cash reaches $89,533. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $1,534/mo property income versus a $978/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2024
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47229, Crothersville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,329 (100%) |
| Owner Occupied HU | 981 (73.8%) |
| Renter Occupied HU | 249 (18.7%) |
| Vacant Housing Units | 99 ( 7.4%) |
| Median Home Value | $206,437 |
| Average Home Value | $232,108 |
Housing Distribution
Address Breakdown
Residential
1,338
Single Family
1,307
Multi-Family
31
Businesses
78
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Listed by: Trevor McIntosh • McIntosh & Co Real Estate
Mls Name: SIRA
Mls ID: #202605399