1863 S Lakeview Est, Wabash, IN, 46992 | $896/mo Cash Flow

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1863 S Lakeview Est, Wabash, IN, 46992 | $896/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

Investment property for sale in Wabash at 1863 S Lakeview Est, Wabash, IN, 46992 listed at $229,900 pairs $2,276/mo rent with a $1,125/mo payment to leave $896/mo cash flow. Total monthly income runs $2,276/mo, and annual cash flow reaches $10,754/yr on $76,212 cash to close. Return on cash invested measures 34.02% in year one, and rental yield registers 11.88% at a $229,900 basis. Equity gained on principal adds $1,484/yr, and annual property appreciation at 5% supports $63,517 by year five. Five-year ROI tracks 178.32% and total cumulative return in cash totals $135,899. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,276/mo property income relative to a $1,125/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).

Single Family

Built in 1978

0.55 Acres lot

$N/A/sqft

No HOA

More details about the property

Charming Brick Ranch on a Peaceful Cul-de-Sac with Pond Access. Welcome to this beautifully maintained brick ranch home featuring three spacious bedrooms and two full bathrooms. The primary suite offers a private retreat with a walk-in shower and a generous walk-in closet. The two additional bedrooms are nicely sized with large closets, providing ample storage for everyone. Enjoy multiple living spaces including a bright living room and a cozy family room with a ventless fireplaceperfect for relaxing or entertaining. The large dining room flows easily into the spacious kitchen, which offers plenty of cabinet space, a pantry, and room for gatherings. A main-floor laundry room adds everyday convenience. Outdoor living is just as inviting with a covered front porch, covered back porch, and a gazebo, ideal for enjoying the peaceful surroundings. The property also features access to a pond, perfect for quiet moments by the water. Recent updates ensure peace of mind, including: New windows (2024) New foundation (2025) Gas furnace (2024) Electric water heater (2020) Skylight (2023) New sump pump with battery backup (2025) New moisture barrier (2025) New well pump (2025) Located on a quiet cul-de-sac, this home combines comfort, function, and modern updatesall in a serene setting.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46992, Wabash, IN area.

Housing Distribution

Housing Statistics

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