10422 Blake RdWadesvilleIN47638
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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
Investment Highlights
Rental property for sale in Wadesville at 10422 Blake Rd, Wadesville, IN, 47638 generates $748/mo in rent, after a $1,322/mo payment. Total monthly income is $748/mo. Return on cash invested sits at 8.2% in year one, and rental yield is 3.32% on a $270,000 entry. Equity gained on principal adds $1,742/yr, while 5% annual appreciation builds toward $74,596 over five years. Five-year ROI reaches 39.81% and total cumulative return in cash sums $35,629. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $748/mo property income rather than buyer’s personal income.
Manufactured
Built in 2024
2 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47638, Wadesville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,383 (100%) |
| Owner Occupied HU | 1,170 (84.6%) |
| Renter Occupied HU | 146 (10.6%) |
| Vacant Housing Units | 67 ( 4.8%) |
| Median Home Value | $319,667 |
| Average Home Value | $344,064 |
Housing Distribution
Address Breakdown
Residential
1,383
Single Family
1,383
Multi-Family
0
Businesses
49
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Listed by: Grant A Waldroup • F.C. TUCKER EMGE
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513487
Disclaimer: 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.