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Price: $300K - 500K
Monthly Cash Flow: 1 - 3k+
Home Type: Single Family
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A quick, investor-focused snapshot highlighting income strength, yield potential.
| Key metrics | Value |
|---|---|
| Price | $399,900 |
| Est. Rent | $3,200/mo |
| ROI | 18% |
Investment property for sale in Wabash at 272 Sherman St, Wabash, IN, 46992 listed at $155,000 pairs $1,481/mo rent with a $759/mo payment to leave $550/mo cash flow. Total monthly income runs $1,481/mo, and annual cash flow reaches $6,603/yr on $51,383 cash to close. Return on cash invested measures 32.76% in year one, and rental yield registers 11.47% at a $155,000 basis. Equity gained on principal adds $1,000/yr, and annual property appreciation at 5% supports $42,824 by year five. Five-year ROI tracks 171.57% and total cumulative return in cash totals $88,156. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,481/mo property income relative to a $759/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1987
6,534 sqft lot
$N/A/sqft
No HOA
Neighborhood data shown for ZIP Code: 46992, Wabash, IN area.
| 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 |
Residential
7,142
Single Family
6,935
Multi-Family
207
Businesses
694
Date | Event | Price |
|---|---|---|
| 2025-07-18 | Sold | $155,000 |
| 2025-06-14 | Listed for sale | $159,900 |
| 2019-10-11 | Sold | $81,000 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2024-10-27 | $951.06 | 2.26% | $104,600 | 2.05% |
| 2023-10-27 | $930.00 | 17.25% | $102,500 | 9.98% |
| 2022-10-27 | $793.18 | 18.19% | $93,200 | 7.13% |
Listed by: John R Lundquist • Lundquist Appraisals & Real Estate
Mls Name: IRMLS
Mls Provider:
Mls ID: #202522785
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.
