804 N Walnut St, Veedersburg, IN, 47987 | $13/mo Cash Flow

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Monthly Cash Flow: 1 - 3k+

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804 N Walnut St, Veedersburg, IN, 47987 | $13/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

Rental property for sale in Veedersburg at 804 N Walnut St, Veedersburg, IN, 47987 generates $770/mo in rent and, after a $617/mo payment, leaves $13/mo in cash flow. Total monthly income is $770/mo, and annual cash flow is $160/yr on $41,769 invested. Return on cash invested sits at 20.29% in year one, and rental yield is 7.33% on a $126,000 entry. Equity gained on principal adds $813/yr, while 5% annual appreciation builds toward $34,811 over five years. Five-year ROI reaches 104.76% and total cumulative return in cash sums $43,759. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $770/mo property income rather than buyer’s personal income.

Single Family

Built in 1948

6,969 sqft lot

$N/A/sqft

No HOA

More details about the property

Are you looking for a starter home or a place to downsize? This might be the perfect option for you! It's conveniently located near Hub Park and just a short distance from downtown Veedersburg. The interior of the home has been freshly painted and cleaned, making it ready for you to move in right away. You'll appreciate the charming arched doorways and the hardwood flooring in the bedrooms. Additionally, the basement offers ample space for storage and can serve various purposes, such as a workout room, an extra hangout area, or a craft room, among other possibilities. The home also features a nicely sized covered patio with a side entrance into the house, a small garden area, and a backyard shed.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47987, Veedersburg, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,768 (100%)
Owner Occupied HU	1,275 (72.1%)
Renter Occupied HU	347 (19.6%)
Vacant Housing Units	146 ( 8.3%)
Median Home Value	$166,250
Average Home Value	$196,373