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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Rental property for sale in Wabash at 1918 McKibben St, Wabash, IN, 46992 priced at $207,000 converts $1,573/mo rent into $331/mo cash flow after a $1,013/mo obligation. Total monthly income equals $1,573/mo, and annual cash flow totals $3,967/yr on $68,621 invested. Return on cash invested prints 25.69% in year one, and rental yield reads 9.12% against a $207,000 entry. Equity gained on principal adds $1,336/yr, while 5% annual appreciation compiles into $57,190 by year five. Five-year ROI reaches 133.62% and total cumulative return in cash sums $91,690. For leverage, Ziffy Mortgage’s DSCR loan bases approval on $1,573/mo property income covering a $1,013/mo payment, not borrower’s personal income.
Single Family
Built in 1979
10,018 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46992, Wabash, IN area.
| 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 |
Residential
7,142
Single Family
6,935
Multi-Family
207
Businesses
694
Date | Event | Price |
|---|---|---|
| 2025-08-29 | Sold | $207,000 |
| 2025-07-29 | Pending sale | $215,000 |
| 2025-06-26 | Price change | $215,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-21 | $1449.00 | -44.63% | $151,300 | 5.14% |
| 2023-10-21 | $2617.00 | 7.47% | $143,900 | 10.18% |
| 2022-10-21 | $2435.00 | 1.71% | $130,600 | 7.49% |
Listed by: E Marie Lloyd • Metz Phillipy Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202516956
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.
