69333 State Road 23WalkertonIN46574
INVESTMENT ANALYSIS
Investment Verdict
Strong Cash FlowIf cash-on-cash performance is your primary filter, 69333 State Road 23, Walkerton, IN, 46574 in Walkerton deserves attention. This $228,100 property earns $2,402/mo in rent, a 12.64% gross yield, and nets $1,033/mo after the $1,026/mo payment. DSCR 2.34 makes it one of the cleaner DSCR underwriting candidates Ziffy Mortgage sees in this market. Five-year appreciation of $63,020 compounds alongside $2,101/yr in yearly equity build, for a total cumulative return of $152,782.
| This Property | City Avg | |
|---|---|---|
| Gross Rental Yield | 12.6% | 5.0% |
| Monthly Cash Flow | $1,033 | $300 |
City averages based on Walkerton market data in our database. Property projections are estimates.
DSCR Loan Qualification
| Monthly Rental Income | $2,402 |
| Total Monthly Debt Service | $1,278 |
| DSCR Ratio | 1.88x |
Ziffy Mortgage: Your DSCR most likely meets our 1.0+ requirement, so you'll most probably qualify for our standard DSCR investment loan program. To pre-qualify, book time with your loan officer →
Estimates assume 6.0% rate / 30-yr fixed, 30% down, 1% tax, 0.5% insurance. Not a commitment to lend.
Single Family
Built in 1965
1 Acres 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
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
Single Family
Built in 1965
1 Acres 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices