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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 Wheatfield at 199 W 1000 N, Wheatfield, IN, 46392 generates $1,640/mo in rent and, after a $1,272/mo payment, leaves $80/mo in cash flow. Total monthly income is $1,640/mo, and annual cash flow is $959/yr on $86,157 invested. Return on cash invested sits at 21.02% in year one, and rental yield is 7.57% on a $259,900 entry. Equity gained on principal adds $1,677/yr, while 5% annual appreciation builds toward $71,806 over five years. Five-year ROI reaches 108.55% and total cumulative return in cash sums $93,526. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,640/mo property income rather than buyer’s personal income.
Manufactured
Built in 2001
1 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46392, Wheatfield, IN area.
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,357 (100%) |
| Owner Occupied HU | 2,717 (80.9%) |
| Renter Occupied HU | 515 (15.3%) |
| Vacant Housing Units | 125 ( 3.7%) |
| Median Home Value | $247,317 |
| Average Home Value | $281,088 |
Residential
3,109
Single Family
3,109
Multi-Family
0
Businesses
85
Date | Event | Price |
|---|---|---|
| 2025-06-17 | Sold | $259,900 |
| 2025-05-05 | Pending sale | $259,900 |
| 2025-05-01 | Listed for sale | $259,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-08 | $459.64 | 3.25% | $145,100 | 11.62% |
| 2023-10-08 | $445.18 | 10.14% | $130,000 | 9.15% |
| 2022-10-08 | $404.20 | -2.69% | $119,100 | 8.97% |
Listed by: Sara Risner • McColly Real Estate
Mls Name: NIRA
Mls Provider:
Mls ID: #819921
Disclaimer: Copyright 2025 MuItiple Listing Service of the Northwest Indiana REALTORS Association, Inc. All rights reserved. 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.
