205 N Main StWolcottvilleIN46795
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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
Rental property for sale in Wolcottville at 205 N Main St, Wolcottville, IN, 46795 generates $1,770/mo in rent and, after a $967/mo payment, leaves $535/mo in cash flow. Total monthly income is $1,770/mo, and annual cash flow is $6,421/yr on $65,471 invested. Return on cash invested sits at 29.72% in year one, and rental yield is 10.75% on a $197,500 entry. Equity gained on principal adds $1,274/yr, while 5% annual appreciation builds toward $54,566 over five years. Five-year ROI reaches 155.58% and total cumulative return in cash sums $101,859. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,770/mo property income rather than buyer’s personal income.
Single Family
Built in 1918
0.84 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46795, Wolcottville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,704 (100%) |
| Owner Occupied HU | 2,221 (60.0%) |
| Renter Occupied HU | 321 ( 8.7%) |
| Vacant Housing Units | 1,162 (31.4%) |
| Median Home Value | $340,772 |
| Average Home Value | $426,127 |
Housing Distribution
Address Breakdown
Residential
2,546
Single Family
2,546
Multi-Family
0
Businesses
75
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Listed by: Daryle Lambright • RE/MAX Results-Goshen
Mls Name: IRMLS
Mls Provider:
Mls ID: #202418801
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.