16716 Wappes RdChurubuscoIN46723
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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
Total monthly income runs $1,742/mo, and a $2,398/mo payment. Purchase price stands at $489,900, and rental yield measures 4.27% with $1,742/mo rent. Return on cash invested shows 11.05% in year one, and 5% annual appreciation builds toward $135,350 over five years. Five-year ROI reaches 55.11% and total cumulative return in cash records $89,501. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,742/mo property income covering a $2,398/mo payment rather than investor’s personal income.
Single Family
Built in 1973
1.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46723, Churubusco, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,135 (100%) |
| Owner Occupied HU | 2,548 (81.3%) |
| Renter Occupied HU | 439 (14.0%) |
| Vacant Housing Units | 148 ( 4.7%) |
| Median Home Value | $232,273 |
| Average Home Value | $280,319 |
Housing Distribution
Address Breakdown
Residential
3,063
Single Family
3,063
Multi-Family
0
Businesses
156
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Listed by: Justin M Walborn • Mike Thomas Assoc., Inc
Mls Name: IRMLS
Mls ID: #202601700