179 S Meadow LnWheatfieldIN46392
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Nearby investment properties with comparable prices
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 Wheatfield at 179 S Meadow Ln, Wheatfield, IN, 46392 offers $2,279/mo rent that, after a $1,654/mo payment, leaves $251/mo cash flow. Total monthly income is $2,279/mo, and annual cash flow is $3,006/yr on $112,014 cash. Return on cash invested measures 22.59% in year one, and rental yield stands at 8.09% at a $337,900 entry. Equity gained on principal adds $2,180/yr while 5% annual appreciation compounds into $93,356 by year five. Five-year ROI records 117% and total cumulative return in cash reaches $131,059. Lending can use Ziffy Mortgage’s DSCR loan, which structures approval around $2,279/mo property income versus a $1,654/mo payment rather than borrower’s personal income verification through W2s, Salary slips, and Tax returns.
Single Family
Built in 2019
0.52 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46392, Wheatfield, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,357 (100%) |
| Owner Occupied HU | 2,717 (80.9%) |
| Renter Occupied HU | 515 (15.3%) |
| Vacant Housing Units | 125 ( 3.7%) |
| Median Home Value | $247,317 |
| Average Home Value | $281,088 |
Housing Distribution
Address Breakdown
Residential
3,109
Single Family
3,109
Multi-Family
0
Businesses
85
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Listed by: Alexa Williams • RE/MAX Executives
Mls Name: NIRA
Mls ID: #833434