1210 Wabash StMichigan CityIN46360
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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 Michigan City at 1210 Wabash St, Michigan City, IN, 46360 uses $44,719 cash to close to unlock $2,610/yr annual cash flow and $217/mo monthly cash flow. Total monthly income runs $1,027/mo, and a $660/mo payment keeps the spread at $217/mo. Purchase price stands at $134,900, and rental yield measures 9.14% with $1,027/mo rent. Return on cash invested shows 25.74% in year one, and 5% annual appreciation builds toward $37,270 over five years. Five-year ROI reaches 133.97% and total cumulative return in cash records $59,909. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,027/mo property income covering a $660/mo payment rather than investor’s personal income.
Single Family
Built in 1900
4,486 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46360, Michigan City, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 21,591 (100%) |
| Owner Occupied HU | 11,713 (54.2%) |
| Renter Occupied HU | 6,451 (29.9%) |
| Vacant Housing Units | 3,427 (15.9%) |
| Median Home Value | $182,550 |
| Average Home Value | $260,534 |
Housing Distribution
Address Breakdown
Residential
19,767
Single Family
17,144
Multi-Family
2,623
Businesses
1,421
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Listed by: Vince Kisala • Coldwell Banker Real Estate Gr
Mls Name: NIRA
Mls ID: #833385