11869 Laurie DrWheatfieldIN46392
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
Rental property for sale in Wheatfield at 11869 Laurie Dr, Wheatfield, IN, 46392 generates $2,746/mo in rent and, after a $1,762/mo payment, leaves $585/mo in cash flow. Total monthly income is $2,746/mo, and annual cash flow is $7,021/yr on $119,307 invested. Return on cash invested sits at 25.79% in year one, and rental yield is 9.16% on a $359,900 entry. Equity gained on principal adds $2,322/yr, while 5% annual appreciation builds toward $99,434 over five years. Five-year ROI reaches 134.2% and total cumulative return in cash sums $160,106. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,746/mo property income rather than buyer’s personal income.
Single Family
Built in 2003
0.68 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46392, Wheatfield, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,357 (100%) |
| Owner Occupied HU | 2,717 (80.9%) |
| Renter Occupied HU | 515 (15.3%) |
| Vacant Housing Units | 125 ( 3.7%) |
| Median Home Value | $247,317 |
| Average Home Value | $281,088 |
Housing Distribution
Address Breakdown
Residential
3,109
Single Family
3,109
Multi-Family
0
Businesses
85
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Jason Moon • Trueblood Real Estate, LLC
Mls Name: NIRA
Mls ID: #824482