305 N Illinois StWanatahIN46390
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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 Wanatah at 305 N Illinois St, Wanatah, IN, 46390 with 5% annual appreciation on a $130,000 basis while $1,044/mo rent supports operations. Total monthly income totals $1,044/mo and a $636/mo payment preserves $264/mo for cash returns. Annual cash flow comes to $3,167/yr on $43,095 deployed, and return on cash invested reaches 27.26% in year one. Equity gained on principal adds $839/yr, and five-year appreciation sums $35,917 alongside rental yield of 9.64%. Five-year ROI measures 142.02% and total cumulative return in cash totals $61,203.
Investors can finance this property with Ziffy Mortgage’s DSCR loan that underwrites to $1,044/mo property income versus a $636/mo payment rather than your W2s, Paystubs, Tax returns, or 1099 forms.
Single Family
Built in 1890
1.70 Acres lot
$N/A/sqft
No HOA
Neighborhood Data
Neighborhood data shown for ZIP Code: 46390, Wanatah, IN area.
Housing Distribution
Housing Statistics
| Category | Value |
|---|---|
| Total HU (Housing Units) | 1,145 (100%) |
| Owner Occupied HU | 940 (82.1%) |
| Renter Occupied HU | 132 (11.5%) |
| Vacant Housing Units | 73 ( 6.4%) |
| Median Home Value | $285,448 |
| Average Home Value | $289,660 |
Housing Distribution
Address Breakdown
Residential
1,004
Single Family
1,004
Multi-Family
0
Businesses
96
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