1145 S Wayne StWaterlooIN46793
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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
Investment property for sale in Waterloo at 1145 S Wayne St, Waterloo, IN, 46793 uses $65,140 cash to close to unlock $6,627/yr annual cash flow and $552/mo monthly cash flow. Total monthly income runs $1,732/mo, and a $962/mo payment keeps the spread at $552/mo. Purchase price stands at $196,500, and rental yield measures 10.58% with $1,732/mo rent. Return on cash invested shows 30.08% in year one, and 5% annual appreciation builds toward $54,289 over five years. Five-year ROI reaches 157.21% and total cumulative return in cash records $102,409. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,732/mo property income covering a $962/mo payment rather than investor’s personal income.
Single Family
Built in 1950
0.40 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46793, Waterloo, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,769 (100%) |
| Owner Occupied HU | 1,332 (75.3%) |
| Renter Occupied HU | 271 (15.3%) |
| Vacant Housing Units | 166 ( 9.4%) |
| Median Home Value | $248,427 |
| Average Home Value | $319,747 |
Housing Distribution
Address Breakdown
Residential
1,435
Single Family
1,411
Multi-Family
24
Businesses
92
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Listed by: Charles VanHorne • VanHorne Land Co
Mls Name: IRMLS
Mls Provider:
Mls ID: #202529273
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.