298 E 1100 N, Wheatfield, IN, 46392 | 4.74% Rental Yield

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298 E 1100 N, Wheatfield, IN, 46392 | 4.74% Rental Yield | 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

Investment property for sale in Wheatfield at 298 E 1100 N, Wheatfield, IN, 46392 offers a 4.74% rental yield on a $429,900 purchase with $1,698/mo rent. 48% in year one. Equity gained on principal adds $2,774/yr while 5% annual appreciation supports $118,773 over five years. Portfolio math shows five-year ROI at 62.75% and total cumulative return in cash at $89,431. Financing is available via Ziffy Mortgage’s DSCR loan, which evaluates $1,698/mo property income against a $2,104/mo payment rather than investor’s personal income documents like W2s, Salary slips, and Tax returns.

Single Family

Built in 1976

4.20 Acres lot

$N/A/sqft

No HOA

More details about the property

If you're looking for more space, peace and a new place to call home...Look no further! This spacious ranch-style home in Wheatfield offers the perfect blend of comfort, functionality, and beautiful land. With over 2,200 sq ft of living space, this 4-bedroom, 2-bathroom home is designed with an open layout, making it ideal for both everyday living and entertaining. Once you step inside, you'll find a large kitchen with a center island that flows seamlessly into the dining and living areas, creating a warm and inviting space, the heart of the home. The primary bedroom offers an ensuite, while three additional bedrooms provide plenty of room for all! Outside...where do we begin?! You have the luxury to enjoy 4.2 acres of peace and privacy perfect for gardening, outdoor activities you prefer, or simply relaxing. The detached 4-car garage gives you all the storage and workspace you need for vehicles, hobbies, or equipment. Don't miss your opportunity to own this rare property that combines space, versatility, rural charm and it's right here in Northwest Indiana!

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