8541 N State Road 23 Rd, Walkerton, IN, 46574 | $575/mo Cash Flow

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8541 N State Road 23 Rd, Walkerton, IN, 46574 | $575/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 Walkerton at 8541 N State Road 23 Rd, Walkerton, IN, 46574 uses $65,969 cash to close to unlock $6,905/yr annual cash flow and $575/mo monthly cash flow. Total monthly income runs $1,770/mo, and a $974/mo payment keeps the spread at $575/mo. Purchase price stands at $199,000, and rental yield measures 10.67% with $1,770/mo rent. Return on cash invested shows 30.38% in year one, and 5% annual appreciation builds toward $54,980 over five years. Five-year ROI reaches 158.76% and total cumulative return in cash records $104,730. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,770/mo property income covering a $974/mo payment rather than investor’s personal income.

Manufactured

Built in 2004

2 Acres lot

$N/A/sqft

No HOA

More details about the property

Start Showing Date: 7/25/2025 Private Country setting move in Ready Large Kitchen with Island Three bedroom's two full Bath's, Master has Garden Tub and Stand up shower all on Two Acre's. Newer Carpet. Four inch Well.Survey Ready to Move in!! Well maintained Survey

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