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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% |
Investment property for sale in Converse at 1101 E Wabash St, Converse, IN, 46919 uses $49,725 cash to close to unlock $12,676/yr annual cash flow and $1,056/mo monthly cash flow. Total monthly income runs $1,963/mo, and a $734/mo payment keeps the spread at $1,056/mo. Purchase price stands at $150,000, and rental yield measures 15.7% with $1,963/mo rent. Return on cash invested shows 45.4% in year one, and 5% annual appreciation builds toward $41,442 over five years. Five-year ROI reaches 239.43% and total cumulative return in cash records $119,058. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,963/mo property income covering a $734/mo payment rather than investor’s personal income.
Single Family
Built in 1926
0.69 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46919, Converse, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 961 (100%) |
| Owner Occupied HU | 676 (70.3%) |
| Renter Occupied HU | 185 (19.3%) |
| Vacant Housing Units | 100 (10.4%) |
| Median Home Value | $196,330 |
| Average Home Value | $273,295 |
Residential
577
Single Family
531
Multi-Family
46
Businesses
42
Date | Event | Price |
|---|---|---|
| 2025-01-15 | Sold | $150,000 |
| 2024-11-29 | Price change | $149,900 |
| 2024-11-14 | Price change | $154,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-11-02 | $1322.00 | 24.02% | $133,800 | 1.21% |
| 2023-11-02 | $1066.00 | 11.86% | $132,200 | 24.02% |
| 2022-11-02 | $953.00 | 9.23% | $106,600 | 11.86% |
Listed by: Susan Reese • F.C. Tucker Realty Center
Mls Name: IRMLS
Mls Provider:
Mls ID: #202438213
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.
