1321 Helms Dr, Wabash, IN, 46992 | 5.15% Rental Yield

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Monthly Cash Flow: 1 - 3k+

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1321 Helms Dr, Wabash, IN, 46992 | 5.15% Rental Yield | 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 1321 Helms Dr, Wabash, IN, 46992 earns from $1,714/mo rent with a $1,955/mo payment. Total monthly income totals $1,714/mo. ROI tracks 13.71% on current figures, and rental yield reads 5.15% at a $399,500 purchase. Equity gained on principal adds $2,578/yr, and 5% annual appreciation supports $110,374 over five years. Five-year ROI reaches 69.39% and total cumulative return in cash sums $91,899. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,714/mo property income instead of your personal income.

Single Family

Built in 1960

0.46 Acres lot

$N/A/sqft

No HOA

More details about the property

Everything youve been searching for! This spacious 4-bedroom, 2-bath brick ranch offers over 3,100 sq ft of finished living area including a full daylight walkout basement. The custom kitchen features granite countertops, tile backsplash, stainless appliances, and abundant cabinet space, opening to a formal dining area. The main level also includes a large living room plus three bedrooms and a full bath. The lower level offers an expansive family room with a brick gas-log fireplace, built-in bar, projection TV and wide screen (to remain), along with a 4th bedroom, full bath with walk-in shower, and a large laundry/storage area. Enjoy outdoor living on the covered front porch or the elevated 16x28 Trex deck complete with hot tub. The attached 3-car garage includes built-in cabinetry and counter space, while the impressive 30x30 detached garage/workshop offers two 10x10 overhead doors, insulated metal ceiling and vinyl walls, mini-split heating and cooling, and a room plumbed for a half bath. Concrete drive and excellent curb appealideal for anyone needing extra garage, hobby, or workshop space! Bar stools, Security cameras, freezer in garage excluded.

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