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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% |
Rental property for sale in Wabash at 139 Elm St, Wabash, IN, 46992 priced at $140,000 converts $1,354/mo rent into $426/mo cash flow after a $685/mo obligation. Total monthly income equals $1,354/mo, and annual cash flow totals $5,115/yr on $46,410 invested. Return on cash invested prints 30.93% in year one, and rental yield reads 11.61% against a $140,000 entry. Equity gained on principal adds $903/yr, while 5% annual appreciation compiles into $38,679 by year five. Five-year ROI reaches 162.58% and total cumulative return in cash sums $75,454. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,354/mo property income covering a $685/mo payment, not borrower’s personal income.
Multi 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 |
|---|---|---|
| 2025-05-24 | Listed for sale | $140,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-05-27 | $2213.02 | 16.41% | $114,400 | 3.44% |
| 2023-05-27 | $1901.00 | 7.58% | $110,600 | 16.42% |
| 2022-05-27 | $1767.00 | 95.93% | $95,000 | 7.59% |
Listed by: Jennie A Terrell • Terrell Realty Group, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202519393
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.
