2508 Woods DrWadesvilleIN47638
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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 Wadesville at 2508 Woods Dr, Wadesville, IN, 47638 earns $38/mo cash flow from $1,494/mo rent with a $1,187/mo payment. Total monthly income totals $1,494/mo, and annual cash flow totals $459/yr on $80,389 capital. ROI tracks 20.48% on current figures, and rental yield reads 7.39% at a $242,500 purchase. Equity gained on principal adds $1,565/yr, and 5% annual appreciation supports $66,998 over five years. Five-year ROI reaches 105.68% and total cumulative return in cash sums $84,955. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,494/mo property income instead of your personal income.
Single Family
Built in 1974
0.50 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 47638, Wadesville, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,383 (100%) |
| Owner Occupied HU | 1,170 (84.6%) |
| Renter Occupied HU | 146 (10.6%) |
| Vacant Housing Units | 67 ( 4.8%) |
| Median Home Value | $319,667 |
| Average Home Value | $344,064 |
Housing Distribution
Address Breakdown
Residential
1,383
Single Family
1,383
Multi-Family
0
Businesses
49
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Listed by: Julie A Vandeveer • ERA FIRST ADVANTAGE REALTY, INC
Mls Name: IRMLS
Mls ID: #202544183