240 Elm StWabashIN46992
Nearby investment properties with comparable rents
Nearby investment properties with comparable prices
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 Wabash at 240 Elm St, Wabash, IN, 46992 at $172,500 posts ROI 26.1% with $295/mo cash flow from $1,330/mo rent. Total monthly income equals $1,330/mo, and annual cash flow records $3,538/yr on $57,184 to close. Return on cash invested measures 26.1% and rental yield reads 9.25% at the current $172,500. Equity gained on principal adds $1,113/yr, and 5% annual appreciation supports $47,659 by year five. Five-year ROI prints 135.8% and total cumulative return in cash totals $77,654.
You can finance with Ziffy Mortgage’s DSCR loan, which relies on $1,330/mo property income rather than your personal income records (W2s, Paystubs, and Tax returns).
Single Family
Built in 1900
8,712 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46992, Wabash, IN area.
Housing Distribution
Housing Statistics
| 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 |
Housing Distribution
Address Breakdown
Residential
7,142
Single Family
6,935
Multi-Family
207
Businesses
694
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Listed by: John R Lundquist • Lundquist Appraisals & Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202524901
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.