1103 N Wayne St, Warren, IN, 46792 | $642/mo Cash Flow

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1103 N Wayne St, Warren, IN, 46792 | $642/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 Warren at 1103 N Wayne St, Warren, IN, 46792 listed at $176,000 pairs $1,698/mo rent with a $861/mo payment to leave $642/mo cash flow. Total monthly income runs $1,698/mo, and annual cash flow reaches $7,703/yr on $58,344 cash to close. Return on cash invested measures 33.11% in year one, and rental yield registers 11.58% at a $176,000 basis. Equity gained on principal adds $1,136/yr, and annual property appreciation at 5% supports $48,626 by year five. Five-year ROI tracks 173.38% and total cumulative return in cash totals $101,157. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,698/mo property income relative to a $861/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1940

0.50 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this charming 5 bedroom, 2 bathroom home nestled on a large corner lot in the heart of Warren. With over 2,000 square feet of living space, there's plenty of room for everyone. Two of the bedrooms are walk-through, offering flexible options for a home office, playroom or additional living space. The home sits on a lot that's enclosed with a privacy fence-perfect for kids, pets or hosting gatherings. The central air and furnace were installed in 2023 and new flooring throughout the home. Schedule your showing today and see what this home has to offer!