1904 Waynedale DrGarrettIN46738
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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
Investment property for sale in Garrett at 1904 Waynedale Dr, Garrett, IN, 46738 offers a 10.75% rental yield on a $314,900 purchase with $2,820/mo rent. Total monthly income registers $2,820/mo, and a $1,541/mo payment leaves $930/mo available for distribution. Annual cash flow reaches $11,160/yr on $104,389 to close, and return on cash invested stands at 30.6% in year one. Equity gained on principal adds $2,032/yr while 5% annual appreciation supports $87,001 over five years. Portfolio math shows five-year ROI at 159.92% and total cumulative return in cash at $166,942. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $2,820/mo property income against a $1,541/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.
Single Family
Built in 2021
0.27 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46738, Garrett, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,457 (100%) |
| Owner Occupied HU | 2,591 (74.9%) |
| Renter Occupied HU | 727 (21.0%) |
| Vacant Housing Units | 139 ( 4.0%) |
| Median Home Value | $197,979 |
| Average Home Value | $219,234 |
Housing Distribution
Address Breakdown
Residential
3,317
Single Family
3,217
Multi-Family
100
Businesses
233
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