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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 281 Ferry St, Wabash, IN, 46992 listed at $205,000 pairs $1,464/mo rent with a $1,003/mo payment to leave $234/mo cash flow. Total monthly income runs $1,464/mo, and annual cash flow reaches $2,805/yr on $67,958 cash to close. Return on cash invested measures 24.04% in year one, and rental yield registers 8.57% at a $205,000 basis. Equity gained on principal adds $1,323/yr, and annual property appreciation at 5% supports $56,638 by year five. Five-year ROI tracks 124.73% and total cumulative return in cash totals $84,762. Financing can be arranged with Ziffy Mortgage’s DSCR loan, which qualifies using $1,464/mo property income relative to a $1,003/mo payment rather than your personal income (W2, Tax Returns, Paystubs, or 1099).
Single Family
Built in 1900
6,098 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 |
|---|---|---|
| 2024-11-11 | Price change | $205,000 |
| 2024-10-18 | Listed for sale | $215,000 |
| 2022-09-06 | Sold | $149,900 |
Date | Tax Paid | Tax Increase Rate | Value | Value Increase Rate |
|---|---|---|---|---|
| 2023-11-19 | $372.00 | 13.48% | $148,200 | 248.71% |
| 2022-11-19 | $327.80 | 7.62% | $42,500 | 10.39% |
| 2021-11-19 | $304.58 | 19.42% | $38,500 | 6.94% |
Listed by: Leah Ladd • Keller Williams Realty Group
Mls Name: IRMLS
Mls Provider:
Mls ID: #202440449
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.
