1624 Chapman Lake DrWarsawIN46582
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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 Warsaw at 1624 Chapman Lake Dr, Warsaw, IN, 46582 at $295,000 posts ROI 28.19% with $675/mo cash flow from $2,446/mo rent. Total monthly income equals $2,446/mo, and annual cash flow records $8,100/yr on $97,793 to close. Return on cash invested measures 28.19% and rental yield reads 9.95% at the current $295,000. Equity gained on principal adds $1,904/yr, and 5% annual appreciation supports $81,503 by year five. Five-year ROI prints 147.07% and total cumulative return in cash totals $143,822.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $2,446/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1997
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46582, Warsaw, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,794 (100%) |
| Owner Occupied HU | 4,198 (61.8%) |
| Renter Occupied HU | 1,613 (23.7%) |
| Vacant Housing Units | 983 (14.5%) |
| Median Home Value | $285,026 |
| Average Home Value | $321,998 |
Housing Distribution
Address Breakdown
Residential
6,364
Single Family
5,923
Multi-Family
441
Businesses
279
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Listed by: James Bausch • RE/MAX Results- Warsaw
Mls Name: IRMLS
Mls Provider:
Mls ID: #202522652
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.