120 E Main StWavelandIN47989
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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 Waveland at 120 E Main St, Waveland, IN, 47989 at $170,000 posts ROI 16.05% with from $839/mo rent. Total monthly income equals $839/mo. Return on cash invested measures 16.05% and rental yield reads 5.92% at the current $170,000. Equity gained on principal adds $1,097/yr, and 5% annual appreciation supports $46,968 by year five. Five-year ROI prints 81.91% and total cumulative return in cash totals $46,161. You can finance with Ziffy Mortgage’s DSCR loan, which relies on $839/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1956
5,227 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47989, Waveland, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 560 (100%) |
| Owner Occupied HU | 407 (72.7%) |
| Renter Occupied HU | 90 (16.1%) |
| Vacant Housing Units | 63 (11.2%) |
| Median Home Value | $203,906 |
| Average Home Value | $280,608 |
Housing Distribution
Address Breakdown
Residential
412
Single Family
412
Multi-Family
0
Businesses
28
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