2792 S River RdWabashIN46992
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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 Wabash at 2792 S River Rd, Wabash, IN, 46992 uses $79,229 cash to close to unlock $2,089/yr annual cash flow and $174/mo monthly cash flow. Total monthly income runs $1,609/mo, and a $1,170/mo payment keeps the spread at $174/mo. Purchase price stands at $239,000, and rental yield measures 8.08% with $1,609/mo rent. Return on cash invested shows 22.55% in year one, and 5% annual appreciation builds toward $66,031 over five years. Five-year ROI reaches 116.79% and total cumulative return in cash records $92,532. Financing may use Ziffy Mortgage’s DSCR loan, which bases approval on $1,609/mo property income covering a $1,170/mo payment rather than investor’s personal income.
Single Family
Built in 1969
1.26 Acres lot
$N/A/sqft
No HOA
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 |
Housing Distribution
Address Breakdown
Residential
7,142
Single Family
6,935
Multi-Family
207
Businesses
694
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