288 E High StWheatfieldIN46392
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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 Wheatfield at 288 E High St, Wheatfield, IN, 46392 earns $581/mo cash flow from $1,961/mo rent with a $1,125/mo payment. Total monthly income totals $1,961/mo, and annual cash flow totals $6,974/yr on $76,212 capital. ROI tracks 29.06% on current figures, and rental yield reads 10.24% at a $229,900 purchase. Equity gained on principal adds $1,484/yr, and 5% annual appreciation supports $63,517 over five years. Five-year ROI reaches 151.72% and total cumulative return in cash sums $115,631. Financing can be set up with Ziffy Mortgage’s DSCR loan, which is driven by $1,961/mo property income instead of your personal income.
Single Family
Built in 1981
6,969 sqft lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46392, Wheatfield, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 3,357 (100%) |
| Owner Occupied HU | 2,717 (80.9%) |
| Renter Occupied HU | 515 (15.3%) |
| Vacant Housing Units | 125 ( 3.7%) |
| Median Home Value | $247,317 |
| Average Home Value | $281,088 |
Housing Distribution
Address Breakdown
Residential
3,109
Single Family
3,109
Multi-Family
0
Businesses
85
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Listed by: Daniel Walstra • Countryside Realty
Mls Name: NIRA
Mls ID: #831969