Save Search
Filters Applied
EditEdit Filters
Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
Loading Maps & Overview...
Loading Calculator...
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 Wabash at 240 Forrest Ave, Wabash, IN, 46992 priced at $129,900 pairs $1,007/mo rent with $227/mo cash flow after a $636/mo payment. Total monthly income equals $1,007/mo, and annual cash flow comes to $2,724/yr on $43,062 invested. Return on cash invested is 26.24% in year one, and rental yield stands at 9.3% on a $129,900 basis. Equity gained on principal adds $838/yr, and 5% annual appreciation accumulates to $35,889 by year five. Five-year ROI measures 136.65% and total cumulative return in cash reaches $58,843. For financing, Ziffy Mortgage’s DSCR program evaluates $1,007/mo property income against a $636/mo payment instead of your W2s, 1099s, or Tax returns.
Single Family
Built in 1950
0.25 Acres lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46992, Wabash, IN area.
| 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 |
Residential
7,142
Single Family
6,935
Multi-Family
207
Businesses
694
Date | Event | Price |
|---|---|---|
| 2025-04-08 | Listed for sale | $129,900 |
| 2021-02-22 | Sold | $100,000 |
| 2021-01-11 | Listed for sale | $99,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-04-10 | $901.08 | 2.97% | $101,200 | 1.50% |
| 2023-04-10 | $875.10 | 32.95% | $99,700 | 11.02% |
| 2022-04-10 | $658.20 | 16.83% | $89,800 | 11.28% |
Listed by: Keli Cordill • Tri Oaks Realty
Mls Name: IRMLS
Mls Provider:
Mls ID: #202511875
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.
