182 Johns Island Way, Whiteland, IN, 46184 | $472/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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182 Johns Island Way, Whiteland, IN, 46184 | $472/mo Cash Flow | Ziffy

For Sale

Ziffy Mortgage

NMLS #2625701

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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

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Investment Highlights

Rental property for sale in Whiteland at 182 Johns Island Way, Whiteland, IN, 46184 priced at $300,000 converts $2,272/mo rent into $472/mo cash flow after a $1,468/mo obligation. Total monthly income equals $2,272/mo, and annual cash flow totals $5,658/yr on $99,450 invested. Return on cash invested prints 25.6% in year one, and rental yield reads 9.09% against a $300,000 entry. Equity gained on principal adds $1,936/yr, while 5% annual appreciation compiles into $82,884 by year five. Five-year ROI reaches 133.13% and total cumulative return in cash sums $132,396. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $2,272/mo property income covering a $1,468/mo payment, not borrower’s personal income.

Single Family

Built in 2022

5,227 sqft lot

$N/A/sqft

No HOA

More details about the property

Welcome Home! This beautiful home offers 2 spacious bedrooms plus a separate home office that could easily be used as a 3rd bedroom, along with 2 full bathrooms. The kitchen is a chef's dream featuring granite countertops, a center island, gas range, stainless steel appliances, and durable vinyl plank flooring overlooking the main living spaces-perfect for entertaining! The primary suite includes a charming sliding barn door leading to a luxurious bath with double sinks, a walk-in shower, and a large walk-in closet. Additional features include a separate laundry room, tankless water heater, and plenty of storage throughout. You'll also enjoy the finished 2-car attached garage, and outside, an extended patio with an awning provides the perfect spot to relax or entertain.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46184, Whiteland, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	5,190 (100%)
Owner Occupied HU	4,390 (84.6%)
Renter Occupied HU	740 (14.3%)
Vacant Housing Units	60 ( 1.2%)
Median Home Value	$261,290
Average Home Value	$282,753