1210 N Wabash St, Wabash, IN, 46992 | $224/mo Cash Flow

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1210 N Wabash St, Wabash, IN, 46992 | $224/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Investment property for sale in Wabash at 1210 N Wabash St, Wabash, IN, 46992 offers a 8.89% rental yield on a $159,500 purchase with $1,182/mo rent. Total monthly income registers $1,182/mo, and a $781/mo payment leaves $224/mo available for distribution. Annual cash flow reaches $2,691/yr on $52,874 to close, and return on cash invested stands at 25% in year one. Equity gained on principal adds $1,029/yr while 5% annual appreciation supports $44,067 over five years. Portfolio math shows five-year ROI at 129.95% and total cumulative return in cash at $68,713. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,182/mo property income against a $781/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1937

6,490 sqft lot

$N/A/sqft

No HOA

More details about the property

Spacious and well-maintained one-story home offering approximately 1,608 sq ft of living space in a convenient location near schools, parks, and the fire station. This 3-bedroom, 1-bath home features a generous living room with built-in entertainment center and large screen TV, and an oversized kitchen packed with custom cabinetry, a large island, and breakfast barall handcrafted by the owner. Adjoining dining area, large primary bedroom, two additional bedrooms, and a main-level laundry off the kitchen. Recent updates include a new roof and gutters (2024), newer gas water heater (2013), and a 90+ efficiency gas furnace (2007). A new wood privacy fence was just installed, and a 100-amp electrical panel upgrade is planned. Includes a 6' x 16' attached storage area and an additional 10' x 10' shed. A must-see!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46992, Wabash, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	7,509 (100%)
Owner Occupied HU	5,049 (67.2%)
Renter Occupied HU	1,690 (22.5%)
Vacant Housing Units	770 (10.3%)
Median Home Value	$182,535
Average Home Value	$212,867