25 E Grove St, Wheatfield, IN, 46392 | 6.3% Rental Yield

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25 E Grove St, Wheatfield, IN, 46392 | 6.3% Rental Yield | Ziffy

For Sale

Listed for sale 7 days 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 Wheatfield at 25 E Grove St, Wheatfield, IN, 46392 priced at $249,900 pairs $1,313/mo rent with after a $1,223/mo payment. Total monthly income equals $1,313/mo. Return on cash invested is 17.2% in year one, and rental yield stands at 6.3% on a $249,900 basis. Equity gained on principal adds $1,613/yr, and 5% annual appreciation accumulates to $69,043 by year five. Five-year ROI measures 88.15% and total cumulative return in cash reaches $73,022. For financing, Ziffy Mortgage’s DSCR program evaluates $1,313/mo property income against a $1,223/mo payment instead of your W2s, 1099s, or Tax returns.

Single Family

Built in 2024

0.32 Acres lot

$N/A/sqft

No HOA

More details about the property

Welcome to this beautifully maintained 2-year-old home where there's nothing to do but move in! Step inside to an open, spacious concept filled with natural light from the large windows throughout. The inviting kitchen includes all appliances and features a convenient slider leading to the covered patio--perfect for relaxing or entertaining. A huge laundry room provides incredible functionality, offering plenty of space for storage, a future pantry, and even direct access to the covered patio. Enjoy a fully fenced backyard, ideal for pets, play, or privacy. This 2-bedroom, 1-bath layout is thoughtfully designed with comfort in mind, and the 2-car attached garage adds even more convenience. Fresh, bright, and truly move-in ready--this home is an amazing opportunity at 249,900! Don't miss it!

Neighborhood Data

Neighborhood data shown for ZIP Code: 46392, Wheatfield, IN area.

Housing Distribution

Housing Statistics

Category	Value
Total HU (Housing Units)	3,357 (100%)
Owner Occupied HU	2,717 (80.9%)
Renter Occupied HU	515 (15.3%)
Vacant Housing Units	125 ( 3.7%)
Median Home Value	$247,317
Average Home Value	$281,088