1569 Vernon StWabashIN46992
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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
Rental property for sale in Wabash at 1569 Vernon St, Wabash, IN, 46992 generates $1,145/mo in rent and, after a $573/mo payment, leaves $442/mo in cash flow. Total monthly income is $1,145/mo, and annual cash flow is $5,308/yr on $38,786 invested. Return on cash invested sits at 33.59% in year one, and rental yield is 11.74% on a $117,000 entry. Equity gained on principal adds $755/yr, while 5% annual appreciation builds toward $32,325 over five years. Five-year ROI reaches 176.08% and total cumulative return in cash sums $68,293. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,145/mo property income rather than buyer’s personal income.
Single Family
Built in 1936
7,405 sqft lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
7,142
Single Family
6,935
Multi-Family
207
Businesses
694
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