1403 Wabash AveRochesterIN46975
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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 Rochester at 1403 Wabash Ave, Rochester, IN, 46975 with 5% annual appreciation on a $200,000 basis while $1,357/mo rent supports operations. Total monthly income totals $1,357/mo and a $979/mo payment preserves $156/mo for cash returns. Annual cash flow comes to $1,876/yr on $66,300 deployed, and return on cash invested reaches 22.74% in year one. Equity gained on principal adds $1,291/yr, and five-year appreciation sums $55,256 alongside rental yield of 8.14%. Five-year ROI measures 117.82% and total cumulative return in cash totals $78,116.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,357/mo property income versus a $979/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1974
9,583 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46975, Rochester, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,778 (100%) |
| Owner Occupied HU | 4,464 (65.9%) |
| Renter Occupied HU | 1,433 (21.1%) |
| Vacant Housing Units | 881 (13.0%) |
| Median Home Value | $209,010 |
| Average Home Value | $245,757 |
Housing Distribution
Address Breakdown
Residential
6,117
Single Family
6,067
Multi-Family
50
Businesses
519
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Listed by: Mariah Sroufe • COLLINS and CO. REALTORS - CULVER
Mls Name: IRMLS
Mls Provider:
Mls ID: #202431957
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.