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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% |
Investment property for sale in Wabash at 166 Gladstone St, Wabash, IN, 46992 offers a 10.93% rental yield on a $224,900 purchase with $2,048/mo rent. Total monthly income registers $2,048/mo, and a $1,101/mo payment leaves $698/mo available for distribution. Annual cash flow reaches $8,373/yr on $74,554 to close, and return on cash invested stands at 31.14% in year one. Equity gained on principal adds $1,451/yr while 5% annual appreciation supports $62,136 over five years. Portfolio math shows five-year ROI at 162.84% and total cumulative return in cash at $121,405. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,048/mo property income against a $1,101/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 1992
9,583 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 |
|---|---|---|
| 2025-03-27 | Listed for sale | $224,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-03-30 | $1864.00 | 9.84% | $190,600 | 2.25% |
| 2023-03-30 | $1697.00 | 8.78% | $186,400 | 9.84% |
| 2022-03-30 | $1560.00 | 10.87% | $169,700 | 8.78% |
Listed by: Lori Siders • Siders Premiere Properties, LLC
Mls Name: IRMLS
Mls Provider:
Mls ID: #202510187
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.
