2011 Stierley Rd N, Wadesville, IN, 47638 | 4.18% Rental Yield

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2011 Stierley Rd N, Wadesville, IN, 47638 | 4.18% Rental Yield | Ziffy

For Sale

Listed for sale 1 day ago

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 Wadesville at 2011 Stierley Rd N, Wadesville, IN, 47638 generates $748/mo in rent, after a $1,052/mo payment. Total monthly income is $748/mo. Return on cash invested sits at 10.78% in year one, and rental yield is 4.18% on a $214,900 entry. Equity gained on principal adds $1,387/yr, while 5% annual appreciation builds toward $59,373 over five years. Five-year ROI reaches 53.61% and total cumulative return in cash sums $38,190. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $748/mo property income rather than buyer’s personal income.

Single Family

Built in 1950

1.14 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully updated home in Wadesville, Indiana, set on a spacious 1.15-acre lot that offers both privacy and room to enjoy the outdoors. With 1,333 square feet of living space, this property features three bedrooms and one and a half baths, providing a comfortable and functional layout. The home is filled with natural light, creating a bright and airy atmosphere throughout. The kitchen shines with freshly painted cabinets, enhancing the open and inviting feel. New laminate flooring throughout adds a fresh, modern touch while offering durability and easy maintenance. Recent exterior and mechanical updates include a new roof, gutters, soffits, fascia, new window wraps, siding, as well as a new ductwork, giving peace of mind for years to come. A one-car attached garage, and an additional one and a half car detached garage provide excellent storage and flexibility for vehicles, hobbies, or a workshop. This move-in-ready home combines thoughtful updates, abundant light, and generous outdoor space making it a wonderful opportunity to enjoy quiet living in Wadesville.

Neighborhood Data

Neighborhood data shown for ZIP Code: 47638, Wadesville, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	1,383 (100%)
Owner Occupied HU	1,170 (84.6%)
Renter Occupied HU	146 (10.6%)
Vacant Housing Units	67 ( 4.8%)
Median Home Value	$319,667
Average Home Value	$344,064