251 E Lakeview DrWawakaIN46794
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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 Wawaka at 251 E Lakeview Dr, Wawaka, IN, 46794 listed at $390,000 pairs $2,093/mo rent with a $1,909/mo payment. Total monthly income runs $2,093/mo. Return on cash invested measures 17.6% in year one, and rental yield registers 6.44% at a $390,000 basis. Equity gained on principal adds $2,517/yr, and annual property appreciation at 5% supports $107,750 by year five. Five-year ROI tracks 90.24% and total cumulative return in cash totals $116,672. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $2,093/mo property income relative to a $1,909/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 2000
0.42 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46794, Wawaka, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 598 (100%) |
| Owner Occupied HU | 444 (74.2%) |
| Renter Occupied HU | 51 ( 8.5%) |
| Vacant Housing Units | 103 (17.2%) |
| Median Home Value | $272,917 |
| Average Home Value | $314,291 |
Housing Distribution
Address Breakdown
Residential
542
Single Family
542
Multi-Family
0
Businesses
13
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Listed by: Eric Knittle • Pinnacle Group Real Estate Services
Mls Name: IRMLS
Mls Provider:
Mls ID: #202520979
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.