1215 E Main StWarsawIN46580
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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 Warsaw at 1215 E Main St, Warsaw, IN, 46580 earns $681/mo cash flow from $1,776/mo rent with a $893/mo payment. Total monthly income totals $1,776/mo, and annual cash flow totals $8,169/yr on $60,499 capital. ROI tracks 33.41% on current figures, and rental yield reads 11.68% at a $182,500 purchase. Equity gained on principal adds $1,178/yr, and 5% annual appreciation supports $50,421 over five years. Five-year ROI reaches 175% and total cumulative return in cash sums $105,874. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,776/mo property income instead of your personal income.
Single Family
Built in 1910
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46580, Warsaw, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 9,714 (100%) |
| Owner Occupied HU | 6,549 (67.4%) |
| Renter Occupied HU | 2,447 (25.2%) |
| Vacant Housing Units | 718 ( 7.4%) |
| Median Home Value | $243,970 |
| Average Home Value | $287,875 |
Housing Distribution
Address Breakdown
Residential
9,284
Single Family
8,743
Multi-Family
541
Businesses
844
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Listed by: Phillip Anders • Northern Indiana Property Management, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202513092
Disclaimer: IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.