2638 E 450th Rd NWarsawIN46582
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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 Warsaw at 2638 E 450th Rd N, Warsaw, IN, 46582 uses $53,040 cash to close to unlock $3,704/yr annual cash flow and $309/mo monthly cash flow. Total monthly income runs $1,269/mo, and a $783/mo payment keeps the spread at $309/mo. Purchase price stands at $160,000, and rental yield measures 9.52% with $1,269/mo rent. Return on cash invested shows 26.89% in year one, and 5% annual appreciation builds toward $44,205 over five years. Five-year ROI reaches 140.05% and total cumulative return in cash records $74,282. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,269/mo property income covering a $783/mo payment rather than investor’s personal income.
Single Family
Built in 1974
0.35 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46582, Warsaw, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 6,794 (100%) |
| Owner Occupied HU | 4,198 (61.8%) |
| Renter Occupied HU | 1,613 (23.7%) |
| Vacant Housing Units | 983 (14.5%) |
| Median Home Value | $285,026 |
| Average Home Value | $321,998 |
Housing Distribution
Address Breakdown
Residential
6,364
Single Family
5,923
Multi-Family
441
Businesses
279
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Listed by: Kathy Hamman • RE/MAX Results- Warsaw
Mls Name: IRMLS
Mls Provider:
Mls ID: #202512776
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.