115 N Wayne StColumbia CityIN46725
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Columbia City at 115 N Wayne St, Columbia City, IN, 46725 at $214,900 posts ROI 30.16% with $609/mo cash flow from $1,899/mo rent. Total monthly income equals $1,899/mo, and annual cash flow records $7,306/yr on $71,239 to close. Return on cash invested measures 30.16% and rental yield reads 10.6% at the current $214,900. Equity gained on principal adds $1,387/yr, and 5% annual appreciation supports $59,373 by year five. Five-year ROI prints 157.57% and total cumulative return in cash totals $112,254.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,899/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1925
7,405 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46725, Columbia City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 11,000 (100%) |
| Owner Occupied HU | 8,209 (74.6%) |
| Renter Occupied HU | 2,037 (18.5%) |
| Vacant Housing Units | 754 ( 6.9%) |
| Median Home Value | $235,679 |
| Average Home Value | $280,163 |
Housing Distribution
Address Breakdown
Residential
10,474
Single Family
10,069
Multi-Family
405
Businesses
694
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Teresa Bakehorn • Our House Real Estate
Mls Name: IRMLS
Mls ID: #202548902