1794 E Springfield DrWarsawIN46582
Nearby investment properties with comparable rents
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 Warsaw at 1794 E Springfield Dr, Warsaw, IN, 46582 generates $2,623/mo in rent and, after a $1,410/mo payment, leaves $870/mo in cash flow. Total monthly income is $2,623/mo, and annual cash flow is $10,446/yr on $95,472 invested. Return on cash invested sits at 30.85% in year one, and rental yield is 10.93% on a $288,000 entry. Equity gained on principal adds $1,858/yr, while 5% annual appreciation builds toward $79,569 over five years. Five-year ROI reaches 161.4% and total cumulative return in cash sums $154,092. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $2,623/mo property income rather than buyer’s personal income.
Single Family
Built in 1990
0.40 Acres lot
$N/A/sqft
$280 annually 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
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
Listed by: Julie Hall • Patton Hall Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202532121
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.