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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Wheatfield at 10515 N Us Highway 231, Wheatfield, IN, 46392 generates $2,024/mo in rent and, after a $1,591/mo payment, leaves $73/mo in cash flow. Total monthly income is $2,024/mo, and annual cash flow is $873/yr on $107,738 invested. Return on cash invested sits at 20.72% in year one, and rental yield is 7.47% on a $325,000 entry. Equity gained on principal adds $2,097/yr, while 5% annual appreciation builds toward $89,792 over five years. Five-year ROI reaches 106.95% and total cumulative return in cash sums $115,225. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,024/mo property income rather than buyer’s personal income.
Single Family
Built in 1967
3.37 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46392, Wheatfield, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,357 (100%) |
| Owner Occupied HU | 2,717 (80.9%) |
| Renter Occupied HU | 515 (15.3%) |
| Vacant Housing Units | 125 ( 3.7%) |
| Median Home Value | $247,317 |
| Average Home Value | $281,088 |
Residential
3,109
Single Family
3,109
Multi-Family
0
Businesses
85
Date | Event | Price |
|---|---|---|
| 2025-04-29 | Listed for sale | $325,000 |
| 2025-04-08 | Listing removed | $325,000 |
| 2025-03-30 | Price change | $325,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-30 | $836.06 | -38.24% | $239,400 | 28.85% |
| 2023-04-30 | $1353.80 | 144.77% | $185,800 | 32.90% |
| 2022-04-30 | $553.08 | -5.60% | $139,800 | 15.44% |
Listed by: Abergayle Sheets • Listing Leaders Executive RE
Mls Name: NIRA
Mls Provider:
Mls ID: #815606
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. 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.
