206 E Wabash StWingateIN47994
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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 Wingate at 206 E Wabash St, Wingate, IN, 47994 earns $687/mo cash flow from $2,062/mo rent with a $1,121/mo payment. Total monthly income totals $2,062/mo, and annual cash flow totals $8,246/yr on $75,914 capital. ROI tracks 30.77% on current figures, and rental yield reads 10.81% at a $229,000 purchase. Equity gained on principal adds $1,478/yr, and 5% annual appreciation supports $63,268 over five years. Five-year ROI reaches 160.89% and total cumulative return in cash sums $122,141. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $2,062/mo property income instead of your personal income.
Single Family
Built in 1900
0.56 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47994, Wingate, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 255 (100%) |
| Owner Occupied HU | 210 (82.4%) |
| Renter Occupied HU | 28 (11.0%) |
| Vacant Housing Units | 17 ( 6.7%) |
| Median Home Value | $190,625 |
| Average Home Value | $214,452 |
Housing Distribution
Address Breakdown
Residential
167
Single Family
167
Multi-Family
0
Businesses
16
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