1158 E Summit StWawakaIN46794
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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 Wawaka at 1158 E Summit St, Wawaka, IN, 46794 uses $42,764 cash to close to unlock $2,760/yr annual cash flow and $230/mo monthly cash flow. Total monthly income runs $1,004/mo, and a $631/mo payment keeps the spread at $230/mo. Purchase price stands at $129,000, and rental yield measures 9.34% with $1,004/mo rent. Return on cash invested shows 26.36% in year one, and 5% annual appreciation builds toward $35,640 over five years. Five-year ROI reaches 137.33% and total cumulative return in cash records $58,729. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,004/mo property income covering a $631/mo payment rather than investor’s personal income.
Single Family
Built in 1900
7,840 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46794, Wawaka, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 598 (100%) |
| Owner Occupied HU | 444 (74.2%) |
| Renter Occupied HU | 51 ( 8.5%) |
| Vacant Housing Units | 103 (17.2%) |
| Median Home Value | $272,917 |
| Average Home Value | $314,291 |
Housing Distribution
Address Breakdown
Residential
542
Single Family
542
Multi-Family
0
Businesses
13
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