27 N Comstock St, Wabash, IN, 46992 | $197/mo Cash Flow

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Price: $300K - 500K

Monthly Cash Flow: 1 - 3k+

Home Type: Single Family

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27 N Comstock St, Wabash, IN, 46992 | $197/mo Cash Flow | Ziffy

For Sale

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 Wabash at 27 N Comstock St, Wabash, IN, 46992 generates $1,637/mo in rent and, after a $1,174/mo payment, leaves $197/mo in cash flow. Total monthly income is $1,637/mo, and annual cash flow is $2,365/yr on $79,527 invested. Return on cash invested sits at 22.88% in year one, and rental yield is 8.19% on a $239,900 entry. Equity gained on principal adds $1,548/yr, while 5% annual appreciation builds toward $66,280 over five years. Five-year ROI reaches 118.6% and total cumulative return in cash sums $94,315. For financing, investors can use Ziffy Mortgage’s DSCR loan, which considers $1,637/mo property income rather than buyer’s personal income.

Single Family

Built in 1900

827.64 sqft lot

$N/A/sqft

No HOA

More details about the property

This beautifully renovated 3-bedroom, 2-bath home offers modern comfort with historic neighborhood charm. Located just steps from the highly desirable W. Hill Street area, this property features a long list of brand-new updatesperfect for buyers seeking a move-in-ready home with timeless appeal. Every major feature has been refreshed or replaced, including the roof, plumbing, electrical, furnace, ventilation, air conditioning, interior and exterior doors, light fixtures, paint, flooring, and bathrooms. With all the heavy lifting done, you can simply settle in and enjoy. Inside, the layout is both functional and inviting. The main-floor owners suite provides convenience and privacy, complete with its own full bath. A dedicated formal dining room (or optional second living area) offers flexibility for gatherings, hosting, or additional relaxation space. The second-floor laundry adds everyday convenience exactly where you need it. A dry basement offers excellent storage or potential for future finishing. Step outside to enjoy a large fenced-in backyard, perfect for pets, play, or outdoor entertaining. This home blends fresh updates with classic neighborhood charmtruly a rare find. Schedule your showing today to experience this beautifully refreshed home for yourself.

Neighborhood Data

Neighborhood data shown for ZIP Code: 46992, Wabash, IN area.

Housing Distribution

Housing Statistics

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