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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Wabash at 124 Elm St, Wabash, IN, 46992 at $159,900 posts ROI 32.81% with $570/mo cash flow from $1,530/mo rent. Total monthly income equals $1,530/mo, and annual cash flow records $6,837/yr on $53,007 to close. Return on cash invested measures 32.81% and rental yield reads 11.48% at the current $159,900. Equity gained on principal adds $1,032/yr, and 5% annual appreciation supports $44,177 by year five. Five-year ROI prints 171.79% and total cumulative return in cash totals $91,062.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,530/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1910
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46992, Wabash, IN area.
| 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 |
Residential
7,142
Single Family
6,935
Multi-Family
207
Businesses
694
Date | Event | Price |
|---|---|---|
| 2025-03-22 | Listed for sale | $159,900 |
| 2015-08-20 | Sold | $64,500 |
| 2015-06-15 | Price change | $64,500 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-25 | $604.24 | -2.67% | $85,100 | 3.15% |
| 2023-03-25 | $620.80 | 31.45% | $82,500 | 16.86% |
| 2022-03-25 | $472.28 | 2.69% | $70,600 | 6.81% |
Listed by: Amanda Boggs • Lundquist Appraisals & Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202509422
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.
